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Paid sick leave credit and family leave credit

The paid sick and family leave credits, which previously were available only until the end of 2020, have been extended for periods of leave taken through March 31, 2021. The IRS has released IR-2021-26 to provide more clarity on this topic. See link to FAQs below. The following information was released through the IRS Newswire

By |2021-01-30T22:55:23+00:00January 30th, 2021|Categories: Business|Tags: , , , , , , , |

PPP extended until August 8, 2020 – Streamline forgiveness under $150k?

The House extended the PPP for another five weeks as there are still resources available to business owners. Additionally, there is a push to streamline the forgiveness for loans under $150,000. The new legislation would require to submit a one-page attestation form to the lender. Note that business owners, banks, tax professionals and other groups are

By |2021-01-05T11:21:17+00:00July 2nd, 2020|Categories: Business|Tags: , , , |
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