The international tax landscape is shifting based on recent reports from the White House, Senate Finance Committee and U.S. Treasury.
To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.
On January 15, 2021, the Office of Management and Budget issued a memorandum (M-21-11) to the heads of all executive departments and agencies entitled “Increasing Attention on Federal Contract Type Decisions”.
Retail rental tenants like brick-and-mortar stores and restaurants had a tough year in 2020. Many had varying levels of success by shifting to online platforms, though not everyone was able to quickly adapt.
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Nonprofit organizations must understand how to implement strategies to protect technology and information assets.
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.
Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits.