TAX CONSULTING AND COMPLIANCE NEWS
First Quarter 2021
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President Biden signs American Rescue Plan Act of 2021
The $1.9 trillion relief and stimulus package known as the American Rescue Plan Act of 2021 was signed into law by President Joe Biden on Thursday, March 11th.
Click here
to learn more about the bill’s changes and updates.
For more information or questions contact your HSC service leader or John Rittichier, CPA at
jrittichier@hsccpa.com.
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Guidance Issued for Employers Claiming the Employee Retention Credit
On March 1, 2021, the IRS issued much anticipated guidance related to the Employee Retention Credit (ERC) in
Notice 2021-20.
Click here
to learn more about the significant changes regarding companies that received a PPP loan and other threshold updates to the credit.
For more information or questions contact Matt Folz, CPA at
mfolz@hsccpa.com.
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IRS Extends Filing and Payment Deadline for Individual's 2020 Tax Returns
The IRS extends “Tax Day” for individuals to May 17th, 2021. Please note that this extension is only for 2020
individual tax payments and returns originally due April 15th, 2021 (this does
not extend first quarter 2021 estimated payments). Also, state filing requirements are up to each individual state and were not specifically addressed by this article. Please consult your tax advisor for additional information.
Click here
to read the entire announcement.
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Harding, Shymanski & Company, P.S.C. is a public accounting firm with offices in Evansville, Indiana, and Louisville, Kentucky. We are one of the largest accounting firms in Southern Indiana and Kentucky, providing experienced professionals who look beyond the numbers to the heart of complex issues. Our clients range in size from small proprietorships to billion-dollar corporations, from closely-held and family-owned businesses to publicly traded firms, and span nearly every industry. They all have one thing in common: they count on our expertise to capitalize on their opportunities and make the best of their challenges.
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Evansville Office
21 SE Third Street
Suite 500
Evansville, IN 47708
(812) 464-9161
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Louisville Office
545 S Third Street
Suite 102
Louisville, KY 40202
(502) 584-4142
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Harding, Shymanski & Company, P.S.C
Office locations
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