The new Lease Accounting Standard is complex and requires organizations that have U.S. GAAP reporting requirements to analyze all their leases.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires’ tax.
Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.
Careful grant management planning can help organizations reduce paperwork, save time, ensure compliance and lead to increased grant awards.
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.