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The US Small Business Administration (SBA) has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for the third time in 12 months. Continue Reading
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, created the employee retention credit (ERC), available to all businesses that continued to pay workers during the pandemic and met specific criteria.This item focuses on documentation required in claiming these COVID-19 employment tax credits. Continue Reading
It's become increasingly difficult for companies to find staff during the pandemic. Here's how businesses are responding to the demand for higher wages and benefits. Continue Reading
The business environment amid the COVID-19 pandemic has meant significant changes in the risks and results auditors consider and test during their engagements. Continue Reading
Commerce Secretary Gina Raimondo is concerned the Omicron coronavirus variant will exacerbate pressure on the already stressed-out global supply chain. Continue Reading
The Internal Revenue Service released an advance copy of a set of proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage. Continue Reading
COVID-19 has impacted nearly every industry. See how CPA firms have adapted to this new world, and how this will impact the future of accounting. Continue Reading
The IRS reminds taxpayers that the cost of home testing for COVID-19 is an eligible medical expense. Continue Reading
The SBA announces an increase in loan limitations under the Economic Injury Disaster Loans (EIDL) program, which will make it easier for small businesses to find relief. Continue Reading
According to FTC data, scammers involved in Covid-related fraud have stolen $545 million from taxpayers. Continue Reading