by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News
The Small Business Administration says the PPP loan-forgiveness application is now available on SBA.gov.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | May 19, 2020 | Tax Tips and News
Tax Policy – HEROES Act Dependent Expansions Come with Major Drawbacks
In a previous post, I outlined portions of the dependent-related provisions in the recently-passed HEROES Act (H.R. 6800), focusing on changes to the EITC, CTC, and CDTC. Although the...
by taxPRO Websites Staff | May 19, 2020 | Tax Tips and News
Tax Policy – More Than Half the States Will Protect Businesses from Certain COVID-19-Related Unemployment Insurance Tax Hikes
Across the country, unemployment insurance (UI) benefits are playing an important role in helping individuals who have lost work...
by taxPRO Websites Staff | May 19, 2020 | Tax Tips and News
Tax Policy – HEROES Act Temporarily Increases Dependent Credit Generosity
Among other revenue provisions (Division B) of last week’s House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, the bill would make changes to certain...
by taxPRO Websites Staff | May 19, 2020 | Tax Tips and News
Tax Policy – Breaking Down State and Local Aid under the SMART Act
The State Municipal Assistance for Response and Transition (SMART) Act, sponsored by Senators Bob Menendez (D-NJ) and Bill Cassidy (R-LA) in the Senate and by Rep. Mikie Sherrill (D-NJ) in...
by taxPRO Websites Staff | May 19, 2020 | Tax Tips and News
Tax Policy – Neutral Cost Recovery Is Not a New Idea
Today, lawmakers and the administration are exploring policies to meet the need to increase investment and economic output amid an economic downturn. Improving the cost recovery treatment of long-lived...
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