Many businesses have received federal relief grants and loans since the onset of the COVID-19 pandemic. Here’s how each one is handled when it comes to federal taxation. COVID-19 EIDL Loan Unlike some other relief programs, the COVID-19 Economic Impact Disaster Loan...
Employers can reimburse employees for some healthcare-related costs. The key is following IRS regulations. Small business health insurance costs are rising every year, and employers are on the lookout for ways to reduce their own costs and also partner with their...
The Internal Revenue Service announced today that the 2022 tax filing season will open on Monday, January 24th, 2022. That’s when the IRS will start accepting federal income tax returns for the 2021 tax year whether you file electronically or on paper. It’s the third...