TBL News & Updates

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, […]

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Consolidated Appropriations Act, 2021 – Update

Dec 23, 2020 | Taxes

As many of you are aware, Congress is in the midst of finalizing the Consolidated Appropriations Act, 2021. As of midnight, December 21, 2020, the package has passed the House by a vote of 359-53 and the Senate by a vote of 92-6. It is expected to be signed by President Trump in the coming […]

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IRS PPP Guidance: November 18, 2020

Nov 18, 2020 | COVID-19 Taxes

The IRS released Revenue Ruling 2020-27 and Revenue Procedure 2020-51 on November 18, 2020, although both will be dated December 7, 2020, related to the non-taxability of PPP loans and corresponding non-deductible expenses used to forgive those loans. The IRS position is: If you apply for forgiveness or plan to apply for forgiveness in 2020 […]

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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 […]

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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 […]

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TBL Names Ryan Hintenach as Tax Manager & Emily Wessner as Revenue Accounting Manager

Jan 05, 2020 | Company

Ryan Hintenach We are proud to announce that Ryan Hintenach has been appointed as Tax Manager. A licensed Certified Public Accountant and a Certified Fraud Examiner, he joined TBL in 2018 as a senior tax accountant. His new responsibilities include management of the TBL Tax Department with oversight of client taxation strategies and services, including […]

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