Category: News

American Rescue Plan Act of 2021

Apr 21, 2021 | News

The American Rescue Plan Act of 2021 was signed by the President on March 11, 2021. Please see the links below for business and individual tax provisions. American Rescue Plan – Individual American Rescue Plan – Business If you have any additional questions, please do not hesitate to contact us. Be safe and stay well, […]

Read More

Retail Glitch Correction

Oct 12, 2020 | News Taxes

The CARES Act is in the process of making a correction that many of us have been waiting for, a technical correction of the useful life treatment of qualified improvement property.¬†¬†Assuming the bill passes in its current form and is signed by the President, the retail glitch will be fixed. As a reminder, the retail […]

Read More

Taxability of PPP Loan Forgiveness

Sep 05, 2020 | COVID-19 News Taxes

As we move our way through these uncertain times, we want to make sure we are keeping you up to date on the latest information. On April 30, 2020, the IRS issued Notice 2020-32 to discuss the taxability of loan forgiveness under the Paycheck Protection Program (PPP). The IRS clarified that the loan forgiveness will […]

Read More