Blog Posts

National Taxpayer Advocate’s review of 2021 filing season pushes IRS to improve service, reduce backlog

In the annual midyear report submitted by the Taxpayer Advocate Service (TAS) to Congress last June 30, National Taxpayer Advocate Erin Collins pushed for the improvement of services at the Internal Revenue Service (IRS) to reduce its

August 4, 2021

What you need to know about Child Tax Credit 2021

Most eligible U.S. families began receiving Child Tax Credit payments on July 15, a historic tax relief geared toward reducing child poverty, especially at a time when many are struggling financially as the pandemic’s impact lingers. The Child

July 19, 2021

A Guide to PPP Loan Forgiveness: What You Need to Know

The application for the Small Business Administration's (SBA) Paycheck Protection Program (PPP), a fully forgivable loan designed to support small businesses in keeping their workers on the payroll during the pandemic, ended on May 31, 2021. If

June 24, 2021

The New COBRA Subsidy Program Under the American Rescue Plan Act: What Employers Need to Know

Due to the COVID-19 economic crisis, many employees who lost their jobs or had their hours reduced have also lost their health insurance coverage at a time when access to health services matters the most. As a safety net,

April 23, 2021

Understanding the Expanded Employee Retention Credit

The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, significantly enhanced and extended the Employee Retention Credit (ERC), providing further federal financial relief to businesses impacted by the pandemic. The ERC is a

March 29, 2021