Blog

Month: December 2020

Expanded Employee Retention Credit

December 31, 2020 by Mitch Giese
Copeland Buhl
The employee retention credit (ERC) was created as part of the CARES Act from March 2020. The latest COVID relief law includes important changes to the ERC and extends the credit through 6/30/2021. Employers must still meet one of two tests in 2021 to qualify for the credit: Full or...
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Second Round of Stimulus Checks

December 30, 2020 by Jerrica Elgin
Copeland Buhl
The COVID-related Tax Relief Act of 2020 was signed by President Trump as part of the Consolidated Appropriations Act.  A second round of stimulus checks was included in this new law. Taxpayers are eligible for a rebate payment up to $600 ($1,200 for joint filers) plus $600 for each qualifying...
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