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If your business sponsors a 401(k), you and your participants will be happy to learn that the IRS has extended relief from the “physical presence” requirement related to plan signatures. Details here.

Keeping employees on the payroll has been difficult for many businesses over the past year. The latest COVID-relief law, the American Rescue Plan Act, extends the employee retention tax credit.

The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.

In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?

If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.

Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rules, as well as the tax implications.

The Employee Retention Tax Credit rewards employers that can afford to keep workers on the payroll during the COVID-19 crisis. Here’s how it changed under a new law.

Last week, the IRS released clarification regarding the non-deductibility of expenses related to loans from the Paycheck Protection Program (PPP). This clarification has the potential to massively affect small businesses across the country and could cause many businesses to find...

If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses.

Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.