Education assistance benefits now may help workers pay off student loans
Education-related workplace benefits, such as student loan payoffs, are becoming key recruiting tools in tight labor market.
Enhanced tax credit will defray child care costs for some taxpayers
Taxpayers who have child care expenses will see an improved tax benefit for 2021, thanks to an credit included in the new American Rescue Plan Act (ARPA).
Employee Retention Tax Credit Expanded
Among the provisions of the Covid-19 relief legislation enacted in late December 2020 is a significant expansion of the Employee Retention Tax Credit (ERTC).
New Covid-19 ‘Stimulus’ Law Expands Tax Incentives for Businesses
The recently enacted Consolidated Appropriations Act provides Covid-19 relief to businesses in the form of tax deductions and credits.
Payroll Protection Program: Expense Deductibility Update
The IRS has confirmed its guidance that 2020 business expenses paid for with Paycheck Protection Program (PPP) loan proceeds are not tax deductible.