This week we look at:
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IRS changes its guidance on the payment of health insurance only and qualification for the Employee Retention Credit
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Borrowers can repay PPP loans by May 14 and then use Employee Retention Credit in the future.
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SBA issues guidance for non-discrimination rules and not for profits and also impact of student workers.
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Borrowers using new seasonal employer measuring periods will be able to sign unmodified PPP loan applications.
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SBA gives relief to businesses unable to rehire employees who wish to remain on unemployment.
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IRS issues guidance on excess deductions on termination following TCJA's addition of ยง67(g).
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Taxwriters disagree with IRS's view on deductibility of expenses used to obtain PPP loan forgiveness.
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Cannabis business found to be a reseller and not a producer. IRS issues guidance on taxpayers whom the agency wishes to return their economic impact payments.
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