Posted on January 26, 2021. Written by GPW
The Employee Retention Credit (ERC) was originally created as part of the CARES Act, passed in March of 2020. This was a refundable payroll tax credit to be taken against quarterly employment taxes for qualified wages paid after March 12, 2020 and before January 1, 2021.
Posted on January 22, 2021. Written by GPW
On January 15, 2021, the IRS announced that it won’t be ready to start accepting and processing 2020 tax returns for individuals until February 12, 2021. This is later than in previous years, when the IRS is usually ready to accept and process returns by mid to late…
Posted on January 7, 2021. Written by GPW
On December 27, 2020 President Donald Trump signed into law the $900 billion Covid-19 relief bill passed by Congress on December 21, 2020.
The largest provision in the bill includes $325 billion in aid for small businesses that were heavily impacted by the pandemic. As…