News and Insights
- Affordable Care Act
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The American Families Plan & its impact on the real estate industry
Summary of the American Families Plan and the potential impact that it could have on the real estate industry.
President Biden unveils his American Families Plan
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
SBA announces opening date for restaurant program – April 30, 2021
SBA announces opening date for Restaurant Revitalization Fund – Registration on April 30 at 9 am EDT; applications on May 3 at 12 pm EDT.
IRS issues PPP expense deduction safe harbor for fiscal year taxpayers
IRS safe harbor for fiscal year taxpayers on accounting period in which to deduct PPP expenses provides choices and certainty.
Paid leave for employees impacted by COVID-19 in 2021
Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.
IRS extends and expands use of digital and electronic signatures
IRS extended use of digital & electronic signatures for tax forms & documents & use of email for sending/receiving certain documents.
SBA releases draft application and program guide for restaurant fund
SBA releases draft application as well as a program guide for the Restaurant Revitalization Fund. Potential applications should review.
Detecting and preventing fraud for PPP loans
With the extension of the PPP application, lenders should continue to be vigilant about the increased risk of fraud.
Restaurant Revitalization Fund is coming – an update on what we know
The Restaurant Revitalization Fund is coming - SBA website soon to be operational - applicants should be ready.
Extended penalty relief for failure to deposit employment taxes
IRS Issued Notice 2021-24 to extend relief for failure to deposit employment taxes for employers anticipating credits.
Tax aspects of President Biden’s American Job’s Plan
Washington National Tax summarizes key tax aspects of President Biden’s American Jobs Plan and the Made in America Tax Plan.
The IRS provides further guidance on the Employee Retention Tax Credit
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Pitfalls and opportunities in distressed real estate investing
Investors need to slow down enough to get their arms around the potential tax ramifications of any real estate acquisition.
Senate passes extension of Paycheck Protection Program to May 31
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
IT risk management for nonprofits: Securing your technology and data
Nonprofit organizations must understand how to implement strategies to protect technology and information assets.