While most of the Infrastructure Investment & Jobs Act (IIJA) is focused on physical infrastructure projects across the country, there are a handful of tax provisions included in the bill as well, including: End of Employee Retention Credit The American Rescue Plan Act extended the Employee Retention Credit (ERC) for the third and fourth quarters
Tax Provisions in Recently Passed Infrastructure Bill Read More »
The much-discussed Infrastructure Investment and Jobs Act passed by a vote of 69-30 in the Senate in mid August. The next step will happen next week when the Senate is scheduled to vote on the budget resolution that will make implementing this act possible. Like any bill of this magnitude, it contains numerous provisions. While
Infrastructure Bill Could Put an End to Employee Retention Tax Credits Read More »
While it seems like ages ago, the Families First Coronavirus Response Act (FFRCA) was passed 10 months year ago, providing businesses incentives to retain their workforce through various tax relief measures. The Consolidations Appropriates Act passed on December 27, 2020 extended and expanded these incentives through various times in 2021. Here are a few of the relief
Pandemic-Related Payroll and Self-Employment Tax Relief Explained Read More »
It has been difficult for many businesses to retain employees, if not impossible, this year. If your company has been able to keep all or some of its workers, you may be able to qualify for the payroll tax credit created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, known as the Employee Retention
You May Qualify for a Payroll Tax Credit Read More »