Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.