The passage of the new COVID-19 relief bill (Consolidated Appropriations Act, 2021) by Congress on December 21, 2020, which was signed into law by President Trump on December 27, 2020, includes legislation that amends Internal Revenue Code Section 42. This new bill sets a minimum 4% housing credit rate for new and existing buildings that
On December 21, 2020, Congress finally passed a new COVID-19 relief bill (Consolidated Appropriations Act, 2021) which President Trump signed into law on December 27, 2020. The bill includes clarification of the deductibility of certain eligible expenses paid with forgiven Paycheck Protection Program (PPP) loans. The bill now permits taxpayers who receive PPP loan forgiveness
Social media is a widely popular tool for employees and job seekers to post about professional accomplishments, accreditations and even volunteer activities. Unfortunately, an outdated social media account could cost you an interview or hinder your chances of getting a job. Are your social media channels outdated? If so, it’s a good idea to clean
The Paycheck Protection Program (PPP) created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides loan funds to small businesses in order to help them pay eligible expenses (payroll costs, mortgage interest, rent, and utilities). Â These covered loans are to be fully forgiven and not to be treated as income to the loan
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