January 15, 2021
2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps To Speed Refunds During PandemicWASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year... read more
January 12, 2021
PPP Re-Opens to First Time Borrowers Today; Second Draw Applications Accepted on Jan. 13Paycheck Protection Program (PPP) Policy Update SBA, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program loan portal this morning at 9 a.m. ET. The PPP... read more
January 8, 2021
GA DOR: Proposed Rule 560-7-8-.45 Film Tax CreditJanuary 8, 2021, To All Interested Parties: An Income Tax Division Rule is being proposed by the Department. A virtual hearing will be held on February 10, 2021 at 10:00 a.m. The notice, an... read more
January 8, 2021
RR-21-02: Obsoletes Notice 2020-32 and Rev. Rul. 2020-27 due to the enactment of the COVID-related Tax Relief Act of 2020 (Act).Revenue Ruling 2021-02 obsoletes Notice 2020-32 and Rev. Rul. 2020-27 due to the enactment of the COVID-related Tax Relief Act of 2020 (Act). The Act retroactively amends the CARES Act to... read more
January 8, 2021
IRS Statement about Second Economic Impact Payments and Get My PaymentThe IRS updated the Get My Payment tool with information related to the second round of Economic Impact Payments. There is currently heavy demand on the tool given the large number of payments... read more
January 7, 2021
SBA Extends Application Deadline for COVID-19 Economic Injury Disaster Loan ProgramThis week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021. To date, SBA has approved $197 billion in... read more
January 5, 2021
GA DOR: Annual Notice of Interest Rate Adjustment for 2021January 5, 2021, To All Interested Parties: The Georgia Department of Revenue has issued a policy bulletin to announce the interest rate of 6.25%, accruing monthly, which will apply to... read more
December 21, 2020
Update On PPP Deductibility*We will be updating this article as we receive more information. December 21, 2020 The House Rules Committee discussed the Senate Amendment to HR 133 (Consolidated Appropriations Act of 2021)... read more