Trends & Insights

IRS issues PPP expense deduction safe harbor for fiscal year taxpayers

IRS issues PPP expense deduction safe harbor for fiscal year taxpayers

IRS safe harbor for fiscal year taxpayers on accounting period in which to deduct PPP expenses provides choices and certainty.
Benefits to Attract and Retain Employees

Benefits to Attract and Retain Employees

Attracting and retaining great employees can be very challenging. While compensation is certainly important, your employee benefits package can ...

Tax aspects of President Biden’s American Jobs Plan

Washington National Tax summarizes key tax aspects of President Biden's American Jobs Plan and the Made in America Tax Plan.
The IRS provides further guidance on the Employee Retention Tax Credit

The IRS provides further guidance on the Employee Retention Tax Credit

he Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
The American Rescue Plan Act of 2021

The American Rescue Plan Act of 2021

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law to help address the impact of the coronavirus pandemic. ...
Expanded PPP Guidance and Upcoming Deadlines

Expanded PPP Guidance and Upcoming Deadlines

On February 22, 2021 the SBA announced important changes to the Paycheck Protection Program. In this video, we will briefly cover first and ...

Guidance issued for employers claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

Employee Retention Credit: Answers to frequently asked questions

The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.

Exclusive access period coming to PPP; other changes forthcoming

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
CAA 2021 Changes to Paid Sick Leave and FSAs

CAA 2021 Changes to Paid Sick Leave and FSAs

The Consolidated Appropriations Act, 2021 was signed into law late last year, and in this video, we will discuss how the Act affected paid sick ...
Expansion of the Employee Retention Tax Credit

Expansion of the Employee Retention Tax Credit

The Consolidated Appropriations Act, 2021 made significant changes to the Employee Retention Tax Credit by extending relief to a greater number ...
What You Need To Know About Form 1099-NEC

What You Need To Know About Form 1099-NEC

In 2020, the IRS introduced Form 1099-NEC for reporting nonemployee compensation. Learn about Form 1099-NEC and how it differs from Form 1099-MISC.

Employee retention tax credit significantly expanded for 2021

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
PPP reopening for first draw borrowers Jan. 11; second draw Jan. 13

PPP reopening for first draw borrowers Jan. 11; second draw Jan. 13

Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.
The Consolidated Appropriations Act, 2021

The Consolidated Appropriations Act, 2021

On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 into law. In this video, we cover the major provisions of ...

Top Professionals Ready To Serve You

The FMF&E team prides itself on ensuring that you have quick and easy access to top professionals for any challenge. Our unique model gives our clients confidence that our experienced team can be trusted with your most complex challenges.