A drafting error by Congress meant that some improvements to interior parts of nonresidential buildings had to be deducted over 39 years. But a new law that provides COVID-19 relief fixes the error and may result in revenue for eligible businesses.
What are the key distinctions between layoffs and furloughs?
COVID-19 has forced many business owners to re-evaluate the size of their workforces. The choice between layoffs and furloughs brings up a variety of compliance issues.
COVID-19: IRS announces more relief and details
Expecting an Economic Impact Payment from the IRS? The tax agency has made a few new announcements about the financial relief the government is providing.
Relief from not making employment tax deposits due to COVID-19 tax credits
The coronavirus (COVID-19) crisis has resulted in unprecedented challenges for employers. Here are the details of some relief from the federal government.
Just launched: The SBA’s Paycheck Protection Program
Retaining employees and maintaining payroll has become difficult for many small businesses across the country. The SBA’s Payroll Protection Program offers relief for some.
The IRS announces new COVID-19-related assistance for taxpayers
In the wake of the coronavirus (COVID-19) crisis, the IRS and U.S. Department of Treasury are providing taxpayers additional relief to ease tax burdens.
CARES ACT changes retirement plan and charitable contribution rules
During the COVID-19 crisis, many people and charitable organizations need cash. The new CARES Act may provide some solutions.
Answers to questions about the CARES Act employee retention tax credit
As a business with employees, you may have questions about the new employee retention tax credit. Here are some answers.
The Small Business Administration launches the Paycheck Protection Program
Loans are now available for eligible small businesses through the Small Business Administration’s Paycheck Protection Program. Learn more about the loan qualifications and terms here.