House Passes COVID-19 Relief Package
The House of Representatives has passed, by a vote of 219-212, the American Rescue Plan Act of 2021, a bill …
IRS Updates “Eligible Employer” FAQs for Sick and Family Leave Credits
On its website, the IRS has updated its answers to frequently asked questions (FAQs) to reflect the changes made to …
Information on Issues Involving Receiving Second Economic Impact Payments
IRS has issued a series of frequently asked questions regarding the second economic impact payments (EIP 2s), i.e., stimulus payments provided …
IRS Updates “Get My Payment” Tool FAQs to Reflect Second Economic Payment
On December 31, 2020, the IRS updated its “Get My Payment” Frequently Asked Questions (FAQs) webpage to include information about …
SEC Staff: Companies Should Disclose Long-Term Impact of COVID-19
By Soyoung Ho Public companies’ disclosures related to the impact of COVID-19 in the past three quarters have been by …
COVID Relief Bill Contains Numerous Tax, Payroll and Pension Provisions
On Monday, December 21, Congress released official text language for the massive, 5,593 page, Consolidated Appropriations Act, 2021 (CAA, 2021). …
Bipartisan COVID-19 Relief Bill Introduced in Congress
After months of negotiations, Congress reached a bipartisan agreement on additional COVID-19 relief, government appropriations, and tax extenders. The Consolidated …
Employers Will Experience Delay in Receiving Form 7200 Credits
In a December 4 statement posted on its website, the IRS said that employers will experience a delay in receiving …
SEC Official Shares Observations on Critical Audit Matter Disclosures, COVID-19 Related CAMs
By Soyoung Ho A senior SEC official at a conference urged auditors of smaller public companies to continue with their …
Tax Policy Outlook Uncertain as Key Senate Races Head to Runoff
By Melissa A. Oaks, J.D., LL.M. …