Tax Law and News

May 2021

May 2021 tax and compliance deadlines

Accounting for COVID

IRS suspends requirement to repay excess advance payments of the 2020 premium tax credit

COVID-19 Vaccine

Tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines

American Rescue Plan

American Rescue Plan: Essential insights for individuals and families

Restaurants

Guidance issued on tax relief on deductions for food or beverages from restaurants

American Rescue Act

American Rescue Plan: Essential insights for businesses

US Capitol

State conformity to federal COVID-19-related tax provisions

Washington, D.C.

IRS update on 2020 Premium Tax Credit

Tax and Moving

Total tax implications when you move

Cryptocurrency

Crypto tax time: Considerations for tax year 2020

Employee Retention Credit

IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021

S Corp

Creating an S corporation entity can reduce self-employment tax