IRS Issues Guidance Regarding the Retroactive Termination of the Employee Retention Credit
The IRS recently issued guidance for employers regarding the retroactive termination of the Employee Retention Credit.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (32) For the Public (148) Tax News (420) Accounting & Auditing (204) Business & Industry News (125) Regulatory News (112) Legislative News (47) Chapter News (17) Young CPAs (60) Students (90) TSCPA Press Releases (47)Showing : 31–40 of 125
SBA Clarifies COVID-19 EIDL Application Deadlines
The U.S. Small Business Administration recently released updated guidance regarding applications for loans, advances and appeal requests with the COVID-19 Economic Injury Disaster Loans program.
View MoreIRS Issues Further Guidance on Tax Treatment of PPP Loan Forgiveness
The IRS recently issued three revenue procedures regarding the treatment of amounts excluded from taxpayers' gross income connected to the forgiveness of Paycheck Protection Program loans.
View MoreInfrastructure Bill Tax Provisions Include Early ERC Termination
The early termination of the employee retention credit and the requirement of broker reporting of cryptoasset transfers are two tax provisions of H.R. 3684, the Infrastructure Investment and Jobs Act, which passed the House of Representatives last Friday.
View MoreTips for Working With First-Time Single Audit Clients
The U.S. has seen historic levels of federal funding in response to the COVID-19 pandemic. Various laws, including the CARES Act and the American Rescue Plan Act of 2021, have provided billions of dollars to American businesses, state and local governments, and not-for-profits. While this funding has provided relief, especially for nonprofits, it may cause complications for many recipients.
View MoreSBA Announces COVID-19 EIDL Modifications, Raises Loan Cap to $2 Million
The U.S. Small Business Administration recently announced modifications to the COVID-19 Economic Injury Disaster Loans program to make it easier for small businesses affected by the pandemic to access the more than $150 billion in funding available for loans.
View MoreTreasury, IRS Issue Guidance for 2021 on Reporting Qualified Sick and Family Leave Wages
The U.S. Treasury Department and IRS recently issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021.
View MoreSupplemental Shuttered Venue Operator Grant Program Awards Available
The U.S. Small Business Administration recently announced it will begin sending invitations for supplemental Shuttered Venue Operator Grant program awards.
View MoreThe 10 Biggest Myths (Missed Opportunities) With the Employee Retention Credit
In March 2021, this credit was extended through Dec. 31, 2021, and expanded as part of the American Rescue Plan Act of 2021.
View MoreIRS Provides Relief for Certain Employers Claiming the Work Opportunity Tax Credit
The IRS recently issued Notice 2021-43, which provides transition relief to certain employers claiming the Work Opportunity Tax Credit.
View More