Paycheck Protection Program (PPP) Loans Existing PPP Loans Business expenses paid for with the proceeds of PPP loans are tax deductible. This is a significant tax savings for employers. Increases simplified forgiveness to loans of up to $150,000. It is assumed that the recently released 1 page 3508S forgiveness application will be revised (It is... Read more
Following passage of the the Tax Cuts and Job Act in December 2017, the IRS has issued a new form W-4 for 2018. The IRS also released an updated tax withholding calculator on IRS.gov that employees can use to help determine their 2018 tax withholding. The IRS is not requiring employees to provide new W-4’s... Read more
The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the... Read more
Reporting Requirements for Large Employers subject to Mandates
Key Provisions of the Affordable Care Act
Affordable Care Act Tax Provisions
Questions and Answers on Employer Shared Responsibility Payment “Penalty”
Small Business Tax Credit FAQs
