Exclusive access period coming to PPP; other changes forthcoming

President Biden’s tax plan

   INSIGHTS President Biden’s tax plan by RSM US LLP Ambitious agenda could face challenges despite unified government INSIGHT ARTICLE  |  January 15, 2021 President-elect Joe Biden’s tax plan gained new life on Jan. 5, when Democrats swept the two Senate...
Exclusive access period coming to PPP; other changes forthcoming

SBA releases guidance on PPP second draw loans

   INSIGHTS SBA releases guidance on PPP second draw loans by RSM US LLP TAX ALERT  |  January 07, 2021 The SBA recently released guidance for Paycheck Protection Program (PPP) borrowers looking to obtain a second PPP loan under the recently enacted PPP second draw...
Exclusive access period coming to PPP; other changes forthcoming

IRS creates new Form 1099-NEC for filing year 2020

   INSIGHTS IRS creates new Form 1099-NEC for filing year 2020 by RSM US LLP TAX ALERT  |  December 16, 2020 Commencing with the 2020 reporting year, nonemployee compensation will be reported on the newly created Form 1099-NEC. Taxpayers must file their Forms 1099-NEC...