The Infrastructure Investment and Jobs Act (IIAJ), expected to be signed by President Joe Biden next week, will retroactively terminate the employer retention tax credit so that it will not apply to wages paid after September...more
This week, the IRS issued guidance for employers claiming the employee retention tax credit for the first two quarters of 2021.
Background: Changes Under December 2020 Stimulus Plan -
Detailed in a previous Gould &...more
The employee retention tax credit aimed at helping businesses hit hard by the coronavirus pandemic will be extended and expanded under the new stimulus bill recently passed by Congress and awaiting President Trump’s...more