by Dave Moja | Mar 17, 2021 | Tax Tips |
ISSUE: The Consolidated Appropriations Action, 2021 (CAA) – (enacted December 27, 2020) expanded the Employee Retention Credit to entities that received a PPP loan/grant and extended the credit through June 30, 2021. A few weeks ago we looked at the concept of...
by Dave Moja | Mar 7, 2021 | Tax Tips |
ISSUE: PPP Loans/Grants received differing treatments on audited financial statements for years ended in 2020. How should those amounts be reported on Form 990? SITUATION: Troas Bible College (TBC) is a private college exempt under Internal Revenue Code...
by Dave Moja | Feb 10, 2021 | Tax Tips |
ISSUE: The IRS has not updated their Employee Retention Credit (expanded and extended) FAQs. However, we eagerly await further guidance. Today we have Part II of a three-part series on the ERC. SITUATION: Marathon Bible College (MBC) is a private college...
by Dave Moja | Jan 28, 2021 | Tax Tips |
ISSUE: The Consolidated Appropriations Action, 2021 (CAA) – (enacted December 27, 2020) expanded the Employee Retention Credit to entities that received a PPP loan/grant and extended the credit through June 30, 2021. Today we have Part I of a three-part series...
by Dave Moja | Jan 20, 2021 | Tax Tips |
ISSUE: The “Taxpayer Certainty and Disaster Tax Relief Act of 2020 – as part of the Consolidated Appropriations Action, 2021 (CAA) – (enacted December 27, 2020) instituted another round of Paycheck Protection Program Loans/Grants. Eligibility for PPP2 includes...
