The United States Supreme Court has agreed to hear California v. Texas (known as Texas v. U.S. in previous litigation) Docket No. 19-840, in which several states are arguing that the individual mandate in the ...
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Yesterday, the Senate passed the PPP Extension Act of 2021, which had previously been approved by the House, sending the Bill on to President Biden for his expected signature. This bill extends the time businesses ...
The $1.9 trillion bill, H.R.1319, another round of U.S. Covid-19 stimulus funding, titled the American Rescue Plan Act of 2021 (ARPA), was signed into law by President Biden, today, March 11, 2021. The ARPA includes ...
In response to Hurricane Harvey, the last session of the Texas legislature created a new property tax exemption for qualified property located in Texas which sustains substantial damage due to a disaster in a governor-declared ...
Texas Franchise Due to the recent winter storm and power outages in Texas, the Comptroller’s Office has automatically extended the due date for the 2021 Franchise Tax reports from May 15th to June 15th. This ...
The IRS has extended the filing and payment deadline to June 15, 2021 for individuals and businesses who experienced disruptions due to the winter storm that hit Texas and other southern states the week of ...
Remember that you have 10 months after the end of the covered period (8 or 24 weeks from receipt of the PPP loan) to submit a loan forgiveness application before you must begin making payments ...
Did you receive a First (or Second) Draw Paycheck Protection Program (PPP) Loan of $150,000 or less for an individual First (or Second) Draw PPP Loan? If you responded “yes”, then, the one-page PPP Loan ...
The Families First Coronavirus Response Act (“FFCRA”), which required that employers with fewer than 500 employees provide sick and family leave benefits for certain COVID-19 related reasons, expired on December 31, 2020. The provision was ...
The 1099 Reporting for 2020 has some significant changes for reporting payment for services that may require your attention. Payments to individuals and businesses providing services are now to be reported on the new Form ...
In an effort to spur on business activity to the hard hit restaurant industry, the recent stimulus legislation includes a provision that removes the 50% limit on deducting business meals. In 2021 and 2022, business ...
On Friday, January 8th the SBA issued the new Form 2483-SD Paycheck Protection Program (“PPP”) Second Draw Borrower Application, along with an updated Form 2483 PPP Borrower Application Form Revised January 8, 2021. Along with ...
