Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit (CTC). Filers that qualified for a $3,600 per dependent in 2021 will get a credit of $2,000 in 2022 for each qualifying child under age 17, or less, depending on their income. Taxpayers with no c...
IRS Guidance on COVID-19 Tax Credits for Businesses Through Required Paid Leave Programs The FFCRA provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to...
3.COVID-19 Tax Planning and Tax Credits Tax planning and financial strategies have been turned upside down. Now is the time to migrate some clients from annual tax preparation services to year-round tax minimization planningsubscriptions. If just 10% of your client base signs on for the...
Although the implementation of Perpu 1/2020 has yet to be broadened for other sectors, the Indonesia Government has promulgated various policies from tax, employment, import and export, financial and other-specific industry perspectives with the aim of helping businesses to survive, as well as the...
The Administration will work with Congress to reinstate tax credits to help small- and mid-size businesses provide paid sick and family leave to deal with COVID-related absences. Update guidance for employers to ensure safer workplaces. The Department of Labor’s Occupational Safety and Health ...
Focused solely on maximizing your refundable claims for the Employee Retention Tax Credits with a simple process that requiresless than 15 Minutesof your time. Begin Your Claim Maximizing Your Claims For Keeping Americans Employed The government has authorized unprecedented stimulus, and yet billions of...
What is the Employee Retention Tax Credit (ERTC) and how is it different from the Payroll Protection Program (PPP)? I got PPP funds already. Can I also get ERTC? How do I apply for ERTC tax credits? My revenue in Q1 2021 is back to pre-pandemic levels - so I must be ineligible ...
The Kenyan government has announced several economic support measures, including tax relief, reduction of VAT, and a reduction of income and business tax (Were, 2020). As most of our households are employed in the informal sector, these relief measures may not reach them. The most relevant mea...
loan proceeds which are subsequently forgiven. The CARES Act exempts the forgiveness of the PPP loan proceeds from federal taxable income. There had been some question as to whether the expenses paid which gave rise to the forgiveness would be allowable as deductions for federal income tax ...
(for example, via an additional 6.2 percent in federal medical assistance percentage, or FMAP, for non-expansion populations and 100 percent FMAP for states providing COVID-19-related Medicaid coverage to the uninsured) and to individuals (for example, via premium tax credits through the ...