The safe harbor provides relief to PPP loan recipients who filed their 2020 tax returns and did not deduct business expenses paid with funds from PPP loans.
Safe Harbor for 2020 Expenses Paid with PPP Loans Read More »
Certain businesses are eligible for tax credits if their employees take paid leave due to COVID, including for vaccinations.
Small Business Tax Credit for Vaccination Paid Leave Read More »
The Department of Labor announced new guidance for plan sponsors, plan fiduciaries, record keepers, and plan participants on best practices for maintaining cybersecurity.
U.S. DOL Issues Cybersecurity Best Practices for Retirement Plans Read More »
The Consolidated Appropriations Act, 2021 increased the business-meal deduction for the cost of food and beverages provided by a restaurant from 50 to 100% in 2021 and 2022.
IRS Clarifies Business-Meal Deductions Read More »
U.S. Immigration and Customs Enforcement extended its interim policy allowing virtual document-inspection methods for Form I-9 through May 31.
ICE Extends I-9 Compliance Flexibility Read More »
Those fully vaccinated against the coronavirus can safely resume some travel.
CDC Lifts Some Restrictions for Vaccinated Travelers Read More »
The U.S. Department of Labor (DOL) announced it will not enforce a rule finalized last November under the Trump Administration that limits fiduciaries’ use of nonfinancial factors when choosing mutual funds, corporate equities, and other retirement plan investments.
Backtracking on Limited 401(k) Plan Use of Nonfinancial Factors Read More »
The Families First Coronavirus Response Act, as amended by the COVID-related Tax Relief Act of 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
COVID-19-Related Tax Credits for Paid Leave Read More »
Employers should take note of approaching 2021 deadlines for distributing health care reporting forms to employees and filing these forms with the IRS.
Employer Deadlines for ACA Reporting Read More »
A new DOL bulletin clarifies how employers may comply with federal notice and posting requirements in a remote environment.
New Guidance on Posting Notices for Remote, Hybrid Workplaces Read More »
