Posts by Jenny Nash

The Employee Retention Tax Credit – Can Your Organization Benefit?

The Employee Retention Tax Credit Can Your Organization Benefit From This Credit? – What You Need To Know You may have heard about the federal Employee Retention Tax Credit. Many organizations are evaluating this tax credit to determine what benefits the credit may bring their organization. With recently issued guidance from the IRS on implementing…

Read More

AMERICAN RESCUE PLAN ACT OF 2021 – Special Report

President Signs $1.9 Trillion Bill Into Law On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The Act includes a number of tax provisions, including a third round of direct stimulus payments, enhancements of many personal credits meant to benefit people with lower incomes and children, extensions of…

Read More

PPP SBA Form 3508D

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (the Act) into law. The Act provides for significant changes to the Paycheck Protection Program (PPP) and establishes a second round of additional funding for the PPP. Over the past several weeks, the SBA has issued numerous guidance documents and forms to implement…

Read More

SBA PPP Round 2 Guidance

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A significant revision in this law involves extending and expanding an existing provision from prior 2020 Federal COVID-19 legislation regarding the employee retention credit and paycheck protection program. The CARES Act passed in March 2020 established the following two incentive…

Read More

Employee Retention Credit Updates

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A significant revision in this law involves extending and expanding an existing provision from prior 2020 Federal COVID-19 legislation regarding the employee retention credit. The CARES Act passed in March 2020 established the following two incentive programs that provide funds…

Read More

Consolidated Appropriations Act, 2021

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law. The major tax-related provisions are summarized below: COVID-19-related Tax Relief Act of 2020: Additional Recovery Rebate Credit $600 per individual (including dependents) Phase out begins at Adjusted Gross Income of $150,000/$112,500/$75,000 (Married Filing Joint/Head of Household/Others) Advance payments will be based…

Read More