Articles
- IRS Begins Delivering Third Round of Economic Impact Payments to Americans
WASHINGTON – The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments... read more
- What Employers Need To Know About Repayment Of Deferred Payroll Taxes
To give people a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security Act allowed employers to defer payment of the employer’s share of Social Security tax. IRS Notice 2020-65 allowed employers to defer... read more
- HR 1319 – American Rescue Plan Act of 2021 Passes the House and is Headed to President Biden
The United States House voted on and passed the Senate version of the $1.9 Trillion COVID-19 Relief Bill (HR 1319 – American Rescue Plan Act of 2021). This Act is over 600 pages and includes added Coronavirus Economic Aid provisions that... read more
- IRS Provides Guidance For Employers Claiming The Employee Retention Credit For 2020, Including Eligibility Rules For PPP Borrowers
WASHINGTON – The Internal Revenue Service today issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and... read more
- DOR: On Corporate &Partnership Return Processing
The Georgia Department of Revenue began receiving returns on February 12, 2021. If you have not received an acknowledgement: For Corporate or Partnership please allow until Tuesday February 22 to receive your acknowledgement. For Individual... read more
- Taxpayers Should Beware Of Ghost Preparers
As people begin to file their 2020 tax returns, taxpayers are reminded to avoid unethical ghost tax return preparers. A ghost preparer is someone who doesn’t sign tax returns they prepare. Unscrupulous ghost preparers often print the... read more
- House Bill 265, 2021 Conformity Bill Updates
The Georgia IRC update bill (also known as the Conformity Bill) has begun it’s progression through the State House. House Bill 265 has been filed and passed the House Ways and Means Income Tax Subcommittee and full Committee as of this... read more
- Nearly $530 Million in PPP Loans Approved by SBA in Georgia in Current Round of Funding That Re-Opened This Month
ATLANTA – As part of ongoing transparency of economic aid programs, the U.S. Small Business Administration (SBA) recently released data summarizing Paycheck Protection Program (PPP) loan approvals made through Jan. 24, 2021. The SBA... read more
- The Impact of COVID-19 on Employee Benefit Plans
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After wrapping up a year full of changes, employee benefit plans have not been exempt from the reaches of the COVID-19 pandemic. January 2020 saw the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the most... read more
- New Law Extends COVID Tax Credit For Employers Who Keep Workers On Payroll
WASHINGTON — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their... read more
