by DunlapSLK | May 7, 2021 | Resources For Employers, Uncategorized
The IRS has released guidance explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). The Consolidated Appropriations...
by DunlapSLK | Apr 30, 2021 | Resources For Employers, Uncategorized
The recently passed American Rescue Plan Act (ARPA) established a $28.6 billion Restaurant Revitalization Fund (RRF) with the Small Business Administration (SBA). The RRF will provide funding for eligible entities equal to their pandemic-related revenue loss up to $10...
by DunlapSLK | Mar 10, 2021 | Resources For Individual Taxpayers, Uncategorized
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2020 income tax...
by DunlapSLK | Feb 26, 2021 | Resources For Employers, Uncategorized
In recent blasts, and during our live webinar on January 21, we touched on various provisions of the Consolidated Appropriations Act (CAA) which was enacted December 27, 2020. Many parts of this Act revolved around extensions or changes to provisions offered in the...
by DunlapSLK | Jan 27, 2021 | Resources For Employers, Uncategorized
The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic. Let’s take a closer look at the provisions that are most...
by DunlapSLK | Jan 25, 2021 | Resources For Individual Taxpayers, Uncategorized
The Consolidated Appropriations Act, 2021 (CAA), passed on December 27, 2020, provides billions of dollars in long-awaited COVID-19 and economic relief. Highlighted here are some of the provisions most likely to affect individual taxpayers. Recovery rebates The most...
