Ideas & Insights

The Restaurant Revitalization Fund is coming – SBA website soon to be operational – applicants should be ready.

IRS Issued Notice 2021-24 to extend relief for failure to deposit employment taxes for employers anticipating credits.

Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.

Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.

The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.

Comprehensive legislation addresses conformity, Paycheck Protection Program expense deduction, CAT exclusions and pass-through withholding.

Expanded FAQs further clarify that institutions do not report grant funds paid to students, and students do not include amounts in income.

This Alert describes and explains the postponement of certain federal tax filing and payment deadlines in IRS Notice 2021-21.

Kentucky passes a series of tax bills intended to attract cryptocurrency miners with new exemptions and credits.

PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.

The American Rescue Plan Act of 2021 extends and expands support for exempt organizations affected by the coronavirus pandemic.

American Rescue Plan Act of 2021 creates $28.6 billion grant program for restaurants and other food or beverage service companies.

The American Rescue Plan Act provides significant aid and funding for suffering pension plans, in part through direct financial assistance.

$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.

The Pennsylvania Department of Revenue has issued complex guidance for employees claiming home office expense during the pandemic.

Governor Ned Lamont has signed legislation retroactively providing COVID-related business nexus and personal income tax relief for 2020.

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

RSM submits Comment Letter seeking clarity on interaction of the employee retention tax credit and required disallowance for wage expense.

Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.