- Interaction between PPP Loans and the Employee Retention Credit
- The Consolidated Appropriations Act, 2021 (CCA), which was passed by Congress and signed by the president late last December, included a very tax-beneficial provision that liberalized the interaction between PPP loans and the Employee Retention Credit (ERC). Prior to its passage, if an employer obtained a Paycheck Protection Program (PPP) loan, the employer was ineligible to claim the ERC.
- COVID-19 Resource Guide: Taxpayers & Small Businesses
- This resource guide covers some key sources of information and news for taxpayers and small business owners in the United States during COVID-19.
- Video: Standard Mileage for 2021 Announced
- Watch the video to see the 2021 optional standard cents-per-mile rates for business, medical and moving purposes issued by the IRS.
- Day Trader Rules and Tax Treatment
- Day trading is neither illegal nor unethical, but it can be highly risky. Most individual investors do not have the wealth, time, or temperament to make money or sustain the losses that day trading can bring. Day trading in securities is governed by the Securities and Exchange Commission (SEC) Regulation T. Different rules apply for day traders for tax purposes than for SEC governance.
- Tax Relief for Victims of 2020 Natural Disasters
- Most of us will always remember the year 2020, as much as we may like to forget it. On top of the COVID-19 emergency, street protests (both peaceful and not), and hotly contested election races, the U.S. has had numerous natural disasters – hurricanes, an unprecedented number of wildfires, severe windstorms, flooding, and what seems like everything except a plague of locusts (so far, the gigantic swarms of the insects that have invaded Africa and the Middle East haven’t made it across the Atlantic).
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