News Category: Tax Advisory: U.S. Federal

Image of document detailing the American Rescue Plan Act
May 25, 2021

Tax Provisions in the American Rescue Plan Act

The American Rescue Plan Act has been signed into law and the Act included several tax provisions.  Here are some … Read more…

March 18, 2021

Individual Tax Filing Deadline Moved to May 17th

The IRS announced on Wednesday March 17th, 2021 that the federal income tax filing due date for individuals for the 2020 … Read more…

Image of 100 dollar bill with a masked Benjamin Franklin
January 3, 2021

Understanding Qualified Disaster Relief Payments

Business owners and employees alike have endured possibly the most stressful year of their careers thus far. With the end of … Read more…

capitol building
December 28, 2020

NEW Stimulus Bill Signed Into Law!

On December 20th, Congress finally came to an agreement on a new stimulus bill for individuals and small businesses.  Here … Read more…

family first coronavirus response act FFCRA small business exemption
October 30, 2020

Family First Coronavirus Response Act (FFCRA): Small Business Exemption

The Families First Coronavirus Response Act (FFCRA) requires that employers provide paid sick leave or expanded family and medical leave … Read more…

Image of a computer keyboard with a key that reads "PPP Paycheck Protection Program"
September 10, 2020

New PPP Guidance and Next Steps

August was another very busy month in the world of PPP loan forgiveness.  This is the timeline of the information … Read more…

Photo of 100 dollar bills
September 2, 2020

Guidance Provided on Payroll Tax Deferral

Late on Friday, August 28th, the Internal Revenue Service issued guidance on the payroll tax deferral ordered by the President … Read more…

Photo of 100 dollar bills
August 27, 2020

AICPA Requests Guidance, Clarity on Executive Order for Payroll Tax Deferral

On August 8, President Donald Trump signed an executive order authorizing a temporary payroll tax deferral for American workers. The … Read more…

Business owner working on laptop calculating ppp loan forgiveness numbers
August 5, 2020

PPP Loans: Accounting & Financial Reporting Considerations for Business Entities

The Paycheck Protection Program (PPP) has been a savior to many companies, but it has also certainly come with its … Read more…

Photo of printed financial reports
August 5, 2020

PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP

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