Changes for Individual Taxpayers in the New COVID Relief Law
Article Highlights Additional 2020 Recovery Rebates Educator Expense Unemployment Assistance Earned Income Tax Credit (Eitc) & Child Tax Credit (CTC) Cash Charitable Contributions for Non-Itemizers Cash Charitable Contributions for Itemizers Flexible Spending… Continue On +
SBA PPP Loan Part II – You May be Eligible
Congress, in the latest COVID-19 relief bill, has established a new SBA PPP Loan Program and you may be eligible for additional money. The SBA recently released guidance for the new PPP… Continue On +
Business Meals Provided by Restaurants are 100% Deductible in 2021 and 2022
With the passage of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, there are several tax changes. One change we wanted to make you aware of is the deduction for… Continue On +
Congress Passes the Emergency Coronavirus Relief Act – What This Means for You
On December 21, 2020, Congress passed the Emergency Coronavirus Relief Act of 2020 (ECRA) with the assumption it will be signed by the President and passed into law. We wanted to give… Continue On +
PPP Loan & HHS Provider Relief Fund Updates
Not only is this a busy time of the year with the holidays, but it is also busy with staying on top of updates regarding PPP loans and HHS Provider Relief Funds. … Continue On +
An Employee Tests Positive for COVID-19 – What Needs to Happen Next?
We are hearing from clients almost daily on a positive test result in the office. We want to revisit Families First Coronavirus Response Act (FFCRA) leave as well and what steps you… Continue On +
Provide Tax-Free Benefits in the Form of Disaster Relief Payments
When the President declared COVID-19 a national emergency, it was afforded disaster relief status with the Internal Revenue Code. This status generally allows for payment to employees for costs incurred in coping… Continue On +
Urge Congress to Get to Work on a COVID-19 Relief Bill
The American Dental Association recently sent out the message below. We believe there is hope for a package to get passed before the end of the year and we encourage you to… Continue On +
Do Not Miss It: ADCPA & The Thriving Dentist Study Club Events with Gary Takacs
The Academy of Dental CPAs (ADCPA) has partnered with Mr. Gary Takacs to present a series of 6 continuing education virtual study club events starting in the month of November and continuing every… Continue On +
CAT Registration
As you know, Oregon has a new Corporate Activities Tax (CAT) that went into effect on 1/1/2020. The first step you need to take regarding the new tax is to register your… Continue On +
NEW HHS FUNDING PHASE 3 PROVIDER RELIEF FUNDING & ORIGINAL HHS FUNDING UPDATES
A new HHS Funding Phase 3 opened on Monday October 5th. What follows are key items to know about this new round of funding along with HHS funding you may have already… Continue On +
IRS Provides Tax Relief Due to Oregon Wildfires
*This does not affect any previously filed tax returns or payments made.* On Wednesday, September 16, 2020, the IRS announced tax relief for Oregon counties in which FEMA had declared disaster effected… Continue On +