The American Rescue Plan Act of 2021 (ARPA), signed into law by President Biden on March 11, 2021, provides additional major relief to individuals and businesses that continue to be impacted by the COVID-19 pandemic. In this blog, we will cover the latest ARPA provisions related to individual taxpayers.
We are excited to announce that we have moved and are now open at our new location!
The over 5,500-page emergency coronavirus relief package aims to bolster the economy, provide relief to small businesses and the unemployed, deliver checks to individuals and provide funding for COVID-19 testing and the administration of vaccines.
If revenues are the measuring point for the impact of COVID-19, the construction industry has been spared the drastic financial impacts that other industries have seen, but they have still been faced with multiple disruptions.
For non-employee compensation paid during 2020, payers must provide Form 1099-NEC (instead of Form 1099-MISC) to the recipients and to the IRS no later than January 31, 2021.
Join us for our next webinar with a special guest presentation from our colleague at Holland & Hart, Ben Gibbons. In this presentation, Ben will discuss the latest retirement plan-related COVID-19 guidance and how it impacts plan sponsors and their retirement plans. Ben Gibbons is an associate at Holland & Hart and counsels employers on a broad range of qualified retirement …
Current uncertainty continues to evolve, making it difficult for organizations to evaluate the impact on their control environments. As companies move to remote operations, or need to modify their workforce, an assessment over the control environment is required to determine if it is operating as it had been prior to the rapid changes.
In another win for small businesses, they now have an extended period of time to spend PPP funds and still qualify for forgiveness of the loans.
Ascertaining lost revenue and income stemming from these extraordinary circumstances is key to minimizing the financial consequences of this pandemic.
ESOPs can be a great strategy for employers to reward employees for years of dedication or for a business succession plan for departing owners.