Tax Law Insights
03.31.2021 | by:
Jeffrey T. Allen
C. Logan Hinkle
Christian W. Borek
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (“ARPA”). The ARPA mandated several important changes for both employers and…
03.31.2021 | by:
Erik P. Doerring
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31,…
03.23.2021 | by:
C. Logan Hinkle
Christian W. Borek
On March 11, 2021, President Biden signed into the law the American Rescue Plan Act (“ARPA”) containing $1.9 trillion in financial stimulus. Though not highly…
03.15.2021 | by:
Jeffrey T. Allen
Prior to the passage of The American Rescue Plan Act of 2021 on March 11, 2021 (the “Rescue Act”) the employee retention credit, as amended…
03.12.2021 | by:
Erik P. Doerring
The second PPP loan program is due to expire March 31, 2021. Many eligible businesses have still not applied. President Biden announced changes to the…
03.4.2021 | by:
Jeffrey T. Allen
The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 cap on the federal deduction for state and local taxes for tax years…
03.2.2021 | by:
Jeffrey T. Allen
The Employee Retention Credit, as originally enacted on March 27, 2020 by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a refundable…
02.15.2021 | by:
Erik P. Doerring
The US Department of Justice announced the first civil settlement involving allegations of fraud against a PPP borrower. SlideBelts Inc. received a PPP loan under…
02.8.2021 | by:
Lindsay A. Sutcliffe
While there are many new tax policy implementations that may be imminent with the new Biden administration, there are two changes in particular that estate…
01.26.2021 | by:
Erik P. Doerring
PPP loans received by individuals and businesses under the CARES Act will be audited (“reviewed”) by the SBA. The new Economic Aid Act also requires…