File cash transactions reports for your business on paper or electronically

File cash transactions reports for your business on paper or electronically

Does your business receive large amounts of cash or cash equivalents? You may have to submit forms to the IRS to report these cash transactions.
New year 2021 list. Office desk table with notebooks and pencil with copy space.

IRS Issues Final Regs on ICHRAs. Here’s What You Need to Know

The IRS has issued final regs that clarify the application of employer shared responsibility provisions under the ACA. The regs also address ICHRAs.
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.