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IRS and PA Extend 2020 tax filing deadline to May 17, 2021
IRS and Pennsylvania have recently announced an extension to the 2020 Individual Income Tax Filing Deadline from April 15, 2021 to May 17, 2021. While this extends th
Biden Signs American Rescue Plan of 2021 (ARPA)
This week, President Biden signed into law the American Rescue Plan of 2021 (ARPA). This is the latest in a series of COVID-19 funding/stimulus legislation. At a 1.
SBA Issues new Paycheck Protection Program Rules (March 2021)
The Small Business Administration (SBA) recently issued its latest Interim Final Rule (IFR) to provide new guidance. Most of the new guidance is to carry out the Bide
IRS issues Notice 2021-20 providing new guidance on the Employer Retention Credit (ERC) (March 2021)
IRS recently issued Notice 2021-20 to provide much-needed additional guidance on the Employee Retention Credit (ERC) and has some insight into many of the questions re
President Trump (finally!) signs Consolidated Appropriations Act, 2021
Just before midnight on December 21, 2020, the Senate passed the Consolidated Appropriations Act of 2021 and sent it to President Trump for signature on December 22.
IRA and Retirement Plan Limits for 2021
by Matthew R. Baker, CPA, Partner
2020 Tax Relief On Coronavirus Related Withdrawals From Qualified Plans Including IRAs
Supreme Court Agrees to Hear California v Texas yet ANOTHER ACA constitutionality case- What it means to you and your taxes
Recently, the Supreme Court agreed to hear yet another lawsuit in a long line of lawsuits regarding the constitutionality of the Affordable Care Act.
IRS Issues Notice 2020-51- Provides additional relief and guidance on waiver of 2020 Required Minimum Distributions
The CARES Act among many other things, granted a waiver from taking Required Minimum Distributions (RMDs) from retirement accounts for 2020. In addition, it granted a
Update to Paycheck Protection Program (PPP) and Loan Forgiveness Considerations
4/24/20
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