Changes for Individual Taxpayers in the New COVID Relief Law

Article Highlights Additional 2020 Recovery Rebates Educator Expense Unemployment Assistance Earned Income Tax Credit (Eitc) & Child Tax Credit (CTC) Cash Charitable Contributions for Non-Itemizers Cash Charitable Contributions for Itemizers Flexible Spending… Continue On +

SBA PPP Loan Part II – You May be Eligible

Congress, in the latest COVID-19 relief bill, has established a new SBA PPP Loan Program and you may be eligible for additional money. The SBA recently released guidance for the new PPP… Continue On +

Business Meals Provided by Restaurants are 100% Deductible in 2021 and 2022

With the passage of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, there are several tax changes. One change we wanted to make you aware of is the deduction for… Continue On +

Congress Passes the Emergency Coronavirus Relief Act – What This Means for You

On December 21, 2020, Congress passed the Emergency Coronavirus Relief Act of 2020 (ECRA) with the assumption it will be signed by the President and passed into law. We wanted to give… Continue On +

PPP Loan & HHS Provider Relief Fund Updates

Not only is this a busy time of the year with the holidays, but it is also busy with staying on top of updates regarding PPP loans and HHS Provider Relief Funds. … Continue On +

An Employee Tests Positive for COVID-19 – What Needs to Happen Next?

We are hearing from clients almost daily on a positive test result in the office.  We want to revisit Families First Coronavirus Response Act (FFCRA) leave as well and what steps you… Continue On +

Do Not Be Misled About Annual Reports

Workplace Compliance Services (W.C.S.) has started sending 2021 Annual Reports to Oregon companies.  This renewal is not from the State of Oregon and is not required.  W.C.S. is a private, for-profit, out-of-state… Continue On +

Provide Tax-Free Benefits in the Form of Disaster Relief Payments

When the President declared COVID-19 a national emergency, it was afforded disaster relief status with the Internal Revenue Code.  This status generally allows for payment to employees for costs incurred in coping… Continue On +