Recent changes to the Employee Retention Credit (ERC), created in response to the COVID-19 pandemic through the CARES Act, will affect the first two quarters of 2021.
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
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
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
Click to view the latest updates as of March 16, 2021 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
The Virginia Businesses 2021 annual Big Book review was recently released, naming Brown Edwards sixth among all Virginia accounting firms and second among Virginia-based accounting firms. “This is the second consecutive year we’ve hit the top ten. I believe this
The Association of Certified Fraud Examiners, ACFE, has released the Banking and Financial Services Edition of its 2020 Global Study on Occupational Fraud and Abuse. According to the 2020 report, 19% of all cases of occupational fraud reported were in
Over the past year, the U.S. money supply has increased significantly, as is shown by the growth in the money supply measurement known as “M2.” M2 includes cash, checking, savings, money market accounts, and other time deposits. According to the
To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions
The Consolidated Appropriations Act of 2021 (Act), signed into law on December 27, 2020, contains significant enhancements and improvements to the Employee Retention Credit (ERC). The ERC, which was created by the CARES Act on March 27, 2020, is designed to encourage
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