by Megan Kosciolek, MST | Apr 14, 2021 | Business
The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American...
by Megan Kosciolek, MST | Mar 31, 2021 | Business
The American Rescue Plan Act (ARPA), signed into law in early March, aims at offering widespread financial relief to individuals and employers adversely affected by the COVID-19 pandemic. The law specifically targets small businesses in many of its provisions. If you...
by Megan Kosciolek, MST | Mar 17, 2021 | Business
Many businesses have retained employees during the COVID-19 pandemic and enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing of the American Rescue Plan Act (ARPA) brings good news: the ERC has been extended yet again. The...
by Megan Kosciolek, MST | Mar 4, 2021 | Business
When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year, the program’s stated objective was “to provide a direct incentive for small businesses to keep their workers on the payroll.” However, according to federal...
by Megan Kosciolek, MST | Feb 17, 2021 | Business, COVID-19
On December 27, 2020, The Consolidated Appropriations Act 2021 (CAA) was signed into law. The new law enacted Section 2017 of The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA 2020). This Act extends the COVID-19 employee retention payroll tax credit...
