New Form 1099-NEC and Revised 1099-MISC Deadline Are Approaching

New Form 1099-NEC and Revised 1099-MISC Deadline Are Approaching

Payers must complete Form 1099-NEC to report any payment of $600 or more to a recipient. Use Form 1099-MISC to report certain other payments to recipients.
Didn’t Receive Your EIP? Claim It on Your 2020 Return

Didn’t Receive Your EIP? Claim It on Your 2020 Return

Congress called them recovery rebates. You may know them as the Economic Impact Payments (EIP).Didn't get yours? Claim it on your 2020 tax return.
PPP Loans Have Reopened: Let’s Review the Tax Consequences

PPP Loans Have Reopened: Let’s Review the Tax Consequences

The SBA announced that the PPP reopened the week of January 11. Are you wondering about the tax consequences of PPP loans received during the pandemic?
The Enhanced Employee Retention Tax Credit (ERTC)

The Enhanced Employee Retention Tax Credit (ERTC)

COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls may meet qualify for a refundable ERTC.
New Law Makes Changes to Business Meal Deductions and PPP Loans

New Law Makes Changes to Business Meal Deductions and PPP Loans

The Consolidated Appropriations Act provides new relief to the pandemic. It also includes increases to business meal deductions and changes to PPP loans.
Frustrated Couple With Woman In Wheelchair Reading Letter

The Consolidated Appropriations Act (CAA) Helps Prevent Surprise Billing

Have you heard much about the Consolidated Appropriations Act (CAA)? The CAA provides relief to individuals and businesses during the COVID-19 pandemic.