NEW: The just-enacted PPP Extension Act of 2021 gives employers a two-month extension to apply for both Round One and Round Two draws on PPP loans. You now have until May 31 to submit an application. Recently, the American Rescue Plan Act had expanded the program but not the timetable. This latest development changes that. […]
A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters.
Does your company rely on digital advertising services? There’s an escalating tax trend that employees should be aware of.
IRS has doled out two business tax warnings, both about things companies should be doing and things they shouldn’t. This tax season, IRS is putting businesses on notice with some not-so-subtle reminders about compliance issues. Take a look at the latest updates to ensure your company steers clear of penalties — or even audits — […]
There’s no rest in Finance! For some companies, the next few months bring important spring unclaimed property reporting deadlines.
If your company makes a cash charitable contribution for disaster relief, you can take a larger deduction. But only if you act fast. Your company can deduct up to 100% of your taxable income for cash contributions for relief efforts in qualified disaster areas. That’s due to the Taxpayer Certainty and Disaster Tax Relief Act […]
If the chaos of the pandemic and year-end caused your finance team to put the idea of an IRS audit on the backburner, now’s the time to bring that focus front and center again.
The holidays have passed, year-end work is in full swing, and 1099 reporting deadlines for 2020 are right around the corner.
The new COVID relief package has arrived, and employers have a lot to sort through. The $900 billion Consolidated Appropriations Act, 2021 makes changes that will help businesses and individuals. And both will require your company’s involvement. To ensure your company and your employees take full advantage of everything in the 5,593-page new law, CFO […]