COVID-19

Important Provisions of the Consolidated Appropriations Act of 2021

The Consolidated Appropriations Act (CAA) was approved by Congress and signed by the President on December 27, 2020. This COVID relief bill contains direct spending relief for businesses and individuals affected by the pandemic; extends expiring tax provisions, credits and incentives; and funds the Federal government for the remainder of fiscal year 2021.

Important Provisions of the Consolidated Appropriations Act of 20212023-12-11T11:44:18+00:00

Newest Updates to the Paycheck Protection Program

The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill Monday night, December 21, which provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, provides more than $300 billion in aid for small businesses, and contains several provisions related to the Paycheck Protection Program (PPP). The legislation was signed into law on December 27, 2020. Read more in depth about the other non-PPP related key provisions in our blog, “New Pandemic Relief: What You Need to Know.”

Newest Updates to the Paycheck Protection Program2023-12-11T11:46:01+00:00

New Pandemic Relief: What You Need to Know

Congressional leaders and the White House have agreed on the next round of COVID-19 relief legislation. After months of waiting and last-minute negotiations, the 2021 Consolidated Appropriations Act was introduced on December 21, 2020 and was signed into law on December 27, 2020.

New Pandemic Relief: What You Need to Know2023-12-11T11:46:59+00:00

Give AND Receive this Charitable Giving Season

For starters, it should be said charitable giving is always a good idea for everyone in a position to do so and should not be something influenced by incidental tax benefits. There are few acts which are as rewarding and satisfying as giving one’s wealth and talents to support a good cause. The holiday season is an important time of the year for giving and a time when your giving means the most.

Give AND Receive this Charitable Giving Season2023-12-11T12:13:49+00:00

New Financial Resources for Small Businesses

Gov. Tony Evers announced on October 6, 2020 more than $100 million in investments were made aimed at providing additional economic stability for small businesses and communities hit hardest by the COVID-19 pandemic. One of the programs opens a second round for the “We’re All In Small Business Grant”, prioritizing businesses most impacted by the pandemic. The “We’re All In Small Business Grant Phase 2” is designed to help small businesses get back on their feet and encourages adoption of best practices to keep employees, customers and communities safe.

New Financial Resources for Small Businesses2023-12-12T07:05:49+00:00

IRS Issues Guidance on Payroll Tax Deferral

On August 28, the IRS issued guidance that provides some explanation of how employers can defer withholding and remitting an employee’s share of Social Security tax when wages are below a certain amount. The guidance in Notice 2020-65 was issued to implement President Trump’s executive action signed in early August.

IRS Issues Guidance on Payroll Tax Deferral2023-12-12T07:03:30+00:00
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