Paycheck Protection Program (PPP) Re-Opens on January 11th
The SBA and the Treasury have announced that they will re-open applications for PPP Loans. PPP loans are low-interest loans provided through SBA-approved lenders and can only be used for …
Insights and News
Eligible Paycheck Protection Program Expenses are Now Tax Deductible
The Treasury Department and the IRS issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a …
Important Updates to the Medicare Physician Fee Schedule
From MLN Connects: On December 27, the Consolidated Appropriations Act, 2021 modified the Calendar Year (CY) 2021 Medicare Physician Fee Schedule (MPFS): Provided a 3.75% increase in MPFS payments for …
HHS Announces $22 Billion in Funding to Support COVID-19 Testing and Vaccine Distribution
HHS announced two upcoming actions by the CDC to provide more than $22 billion in funding to states, localities, and territories in support of the nation’s response to the COVID-19 …
Eight Tax Breaks in the New Stimulus Bill
As you doubtlessly know, Congress recently passed a massive new stimulus bill that was enacted into law on December 27, 2020. Most of the public’s attention has been focused on …
Economic Impact Payments Are on Their Way
A special announcement from the IRS: The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather …
Tax Updates for 2021
Does it seem like you just did your taxes? Even though you may have filed your individual return during the summer of last year, your 2020 tax return is due …
The IRS Begins Delivery of the Second Round of Economic Impact Payments
The Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 …
Medicare FFS Claims: 2% Payment Adjustment (Sequestration) Suspended Through March
From MLN Connects: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act suspended the payment adjustment percentage of 2% applied to all Medicare Fee-For-Service (FFS) claims from May 1 through …
Tax-Smart College Saving Strategies for Parents. Start 2021 on the Right Path!
College is expensive. Data for the 2019–2020 academic year indicates that the average cost of tuition, fees, room, and board was $30,500. Tax law has provisions to help you cover …