Expertise: C-Corporation

On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022. The full bill can be found by clicking here and contains a range of provisions relating to tax, health care and clean energy. A summary of keyREAD MORE

The American Rescue Plan Act of 2021 (ARP) signed by the President on March 11, 2021, extended the Families First Coronavirus Response Act (FFCRA) and expanded the provisions for eligible employers to claim refundable tax credits to reimburse them forREAD MORE

The American Rescue Plan Act of 2021, that was passed in March of 2021, provided a temporary expansion of the child tax credit (CTC) for tax year 2021. The IRS is required to make monthly advance payments of the creditREAD MORE

On Wednesday August 4, 2021, the IRS issued Notice 2021-49 which expanded the Employee Retention Credit (ERC) through the third and fourth quarters of 2021, and provided further guidance and changes as follows: Expansion of the Credit Through End ofREAD MORE

PLEASE SEE FEBRUARY 8, 2022 UPDATE REGARDING RETROACTIVE CHANGES INCLUDED IN CALIFORNIA AB 87 (SB 113). On Friday July 16, 2021 California Governor Gavin Newsom signed Assembly Bill 150. This bill contains a mixture of tax relief measures, which includesREAD MORE

Summary of Grants for Transportation Service Providers Established by the Consolidated Appropriations Act of 2021, the Coronavirus Economic Relief for Transportation Services (CERTS) program was created to support transportation service providers affected by COVID-19. The window within which to submitREAD MORE

The American Rescue Plan Act of 2021, that was passed in March of 2021, provided a temporary expansion of the child tax credit (CTC) for tax year 2021. The IRS is required to pay one half of the year’s creditREAD MORE

Updated on 7/6/2022 If the grant you are looking for is not specifically listed below, note the general rule for grants, is they are ordinarily to be included in gross income, unless specifically identified in legislation as being non-taxable. ProgramREAD MORE

The American Rescue Plan Act of 2021, that was passed in March of 2021, allocated $28.6 Billion to the Restaurant Revitalization Fund, to be administered by the Small Business Administration (SBA). Grant Amounts For eligible business that were in operationREAD MORE

Below is a brief summary of the ERC rules for 2020 and 2021, which includes clarifications provided by IRS Notice 2021-23. For additional guidance on this credit see the IRS FAQs. 2020 Employee Retention Credit Summary Entity qualifies if: ShutREAD MORE