New York makes taxpayer-friendly changes to its pass-through entity workaround while also adopting a workaround for New York City.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires’ tax.
After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members.
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.
New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
Summary of the American Families Plan and the potential impact that it could have on the real estate industry.
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
What are the top issues and opportunities trending for restaurant businesses this year?
SBA releases draft application as well as a program guide for the Restaurant Revitalization Fund. Potential applications should review.
Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.
Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.