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.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
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.
The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.