Tax for Private Businesses

President Biden signed the American Rescue Plan Act (ARPA) into law on March 11, 2021. The $1.9 trillion package is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations, education, and state and local governments, the ARPA includes extensive […]

To help ensure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various federal tax-related forms, payments, and other actions are due. Let us know if you have questions about the deadlines or would like assistance in meeting them. You may also wish to view our Pocket Tax Guides, which are […]

Congress has passed additional legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden signed the 628-page American Rescue Plan Act (ARPA) into law on March 11; it includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The […]

The Biden administration announced several reforms to the Paycheck Protection Program (PPP) to provide additional relief for the smallest and most vulnerable businesses. It also changes several rules to expand PPP loan forgiveness eligibility. Download PDF > PPP Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed in the early days of the […]

Late in 2020, Congress passed a $900 billion COVID-19 stimulus relief package with large bipartisan support. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and retirement provisions. The following are key provisions that affect individual taxpayers and businesses. Download PDF > Relief for […]

HLB International recently revealed the findings of its survey of business leaders from 55 countries. Despite global economic uncertainty, executives remain confident in 2021. Download PDF > HLB International, the global advisory and accounting network, recently launched the Survey of Business Leaders, resulting in a new report entitled “Achieving the Post-Pandemic Vision: Leaner, Greener, and […]

After months of negotiations in Washington, Congress reached agreement on a new $900 billion aid package to address the ongoing fallout from the COVID-19 pandemic. The Consolidated Appropriations Act of 2021 (CAA), which Congress approved on December 21 and President Trump signed on December 27, expands and extends several critical provisions of last spring’s CARES […]

With the presidential election fast approaching, many people are paying closer attention to each candidate’s positions on such issues as the COVID-19 pandemic, health care, the environment and taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals. Their stances could have a major impact on […]

The Paycheck Protection Program Flexibility Act, signed into law on June 5, 2020, attempts to address many concerns expressed by the small business community around the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief. The law provides major concessions and guidance for PPP borrowers who desire to qualify for forgiveness of the loans. Download […]

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for the retroactive postponement of, and changes to, the limits on excess business losses. The provision applies to individuals, trusts, and estates who own (or may own in the future) a business directly or as a partner or shareholder in an S corporation. Download PDF […]