Articles
- House Bill 265, 2021 Conformity Bill Updates
The Georgia IRC update bill (also known as the Conformity Bill) has begun it’s progression through the State House. House Bill 265 has been filed and passed the House Ways and Means Income Tax Subcommittee and full Committee as of this... read more
- Nearly $530 Million in PPP Loans Approved by SBA in Georgia in Current Round of Funding That Re-Opened This Month
ATLANTA – As part of ongoing transparency of economic aid programs, the U.S. Small Business Administration (SBA) recently released data summarizing Paycheck Protection Program (PPP) loan approvals made through Jan. 24, 2021. The SBA... read more
- The Impact of COVID-19 on Employee Benefit Plans
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After wrapping up a year full of changes, employee benefit plans have not been exempt from the reaches of the COVID-19 pandemic. January 2020 saw the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the most... read more
- New Law Extends COVID Tax Credit For Employers Who Keep Workers On Payroll
WASHINGTON — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their... read more
- IRS Creates New Chief Taxpayer Experience Officer Position; Ken Corbin To Lead New Focus To Improve Service To Taxpayers
WASHINGTON – As part of a larger effort related to the Taxpayer First Act, the Internal Revenue Service announced today the creation of a new Chief Taxpayer Experience Officer position to help unify and expand efforts across the agency... read more
- Upcoming Georgia Tax Center (GTC) Outage for Tax System Upgrade
January 25, 2021 ATLANTA-- On Friday, February 5, 2021, at 11:00 p.m. the Georgia Department of Revenue (DOR) will begin upgrading the state’s tax system to improve efficiency and reduce operational costs. Due to the scope of this... read more
- 2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps To Speed Refunds During Pandemic
WASHINGTON ― 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 returns. The Feb. 12 start date for individual tax... read more
- PPP Re-Opens to First Time Borrowers Today; Second Draw Applications Accepted on Jan. 13
Paycheck 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 loan portal system will initially accept First Draw... read more
- GA DOR: Proposed Rule 560-7-8-.45 Film Tax Credit
January 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 exact copy, synopsis, and virtual hearing detail... read more
- 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 provide that no amount is included in the gross income... read more