Changes to premium tax credit could increase penalty risk for some businesses
April 16, 2021 COVID-19
Changes to premium tax credit could increase penalty risk for some businesses

The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American Rescue Plan Act (ARPA), signed into law in March 2021, made several significant enhancements […]

Virtual Event | Economy of Entertainment
April 6, 2021 Resources
Virtual Event | Economy of Entertainment

Join Vincent Leoni, and other entertainment industry experts, for a webinar series on the ins and outs of the Economy of Entertainment. Up first – a deep dive into the digital content trends in film, music, and gaming in the age of Covid.

EIDL loans, restaurant grants offer relief to struggling small businesses
March 31, 2021 COVID-19
EIDL loans, restaurant grants offer relief to struggling small businesses

The American Rescue Plan Act (ARPA), signed into law in early March, aims at offering widespread financial relief to individuals and employers adversely affected by the COVID-19 pandemic. The law specifically targets small businesses in many of its provisions. If you own a small company, you may want to explore funding via the Small Business […]

PPP application deadline extended
March 30, 2021 COVID-19
PPP application deadline extended

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, thus providing potential PPP borrowers additional time to submit their applications. The law doesn’t provide the PPP with any additional funding. However, $7.25 billion in […]

Latest COVID-relief law addresses underfunded multiemployer pensions
March 23, 2021 COVID-19
Latest COVID-relief law addresses underfunded multiemployer pensions

A multiemployer pension is generally a defined benefit plan to which more than one employer is required to contribute and is maintained pursuant to a collective bargaining agreement. Many multiemployer pensions are expected to become insolvent in coming years. In fact, because of the number of pensions facing insolvency, and the total amount of unfunded […]

New COVID-19 relief law extends employee retention credit
March 19, 2021 COVID-19
New COVID-19 relief law extends employee retention credit

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for a year. But questions about it remain for many employers. With the new American Rescue Plan Act (ARPA) extending the credit and expanding eligibility — and the credit worth as […]

FILING DEADLINE EXTENDED TO MAY 17
March 17, 2021 COVID-19
FILING DEADLINE EXTENDED TO MAY 17

Updated 3/24/2021 (adding states that have also extended deadlines) The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to provide relief to taxpayers facing challenges as a result of the […]

The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses
March 16, 2021 COVID-19
The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law 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 […]

Webinar | Road to Remediation: Investor Distributions from A to Z
March 15, 2021 Resources
Webinar | Road to Remediation: Investor Distributions from A to Z

It may only be matter of time before your firm is faced with an unanticipated business event, such as a remediation, or regulatory settlement, requiring a distribution. Remediation events may seem straightforward. The reality, however, is they’re complex and disruptive, diverting resources and focus from your firm’s core activities. They can also expose your firm […]

Estimated tax payments: The deadline for the first 2021 installment is coming ups
March 12, 2021 Knowledge Center
Estimated tax payments: The deadline for the first 2021 installment is coming ups

April 15 is not only the deadline for filing your 2020 tax return, it’s also the deadline for the first quarterly estimated tax payment for 2021, if you’re required to make one. You may have to make estimated tax payments if you receive interest, dividends, alimony, self-employment income, capital gains, prize money or other income. […]

The American Rescue Plan Act has passed: What’s in it for you?
March 11, 2021 COVID-19
The American Rescue Plan Act has passed: What’s in it for you?

Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden is expected to sign the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The ARPA […]

Updated guidance on the employee payroll tax deferral
January 29, 2021 Knowledge Center
Updated guidance on the employee payroll tax deferral

In late January, the IRS updated Notice 2020-65. It provides guidance regarding an executive memorandum signed last summer that allowed employers to defer the withholding, deposit and payment of certain payroll tax obligations in 2020. The update reflects the changed deferral rules contained in the Consolidated Appropriations Act (CAA). A brief history On August 8, 2020, a […]