Update: Business Meal Deduction Changes from the Consolidated Appropriations Act The Consolidated Appropriations Act that was signed into law December 27, 2020 includes a temporary provision allowing a 100 percent write-off for business meals from January 1, 2021 through December 31, 2022. The food and beverages must be provided by a restaurant, although they do Read More
Update: American Rescue Plan Tax Credits
Specific employers can claim tax credits that will reimburse them for the cost of providing paid sick pay due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations. The ARP tax credits are available to eligible employers that pay sick and family leave for leave from April 1, 2021, through September Read More
Update: From the US Small Business Association
COVID-19 TARGETED EIDL ADVANCE APPLICATION A new round of Economic Injury Disaster Loan (EIDL) Advances – called Targeted EIDL Advance. What does EIDL Advance provide? Provides eligible businesses with $10,000 in total grant assistance. If you received the EIDL Advance last year in an amount less than $10,000, you may be eligible to receive Read More