by Rupinder | Mar 9, 2021 | Uncategorized
FOR IMMEDIATE RELEASEContact: Erica RyderCommunications Coordinatoreryder@nsacct.org NSA Supports Calls for Postponing This Year’s Tax Filing Season DeadlinesAlexandria, VA, March 9, 2021 — After numerous listening sessions and mounting challenges, NSA supports many...
by Rupinder | Mar 8, 2021 | Uncategorized
Tax provisions of the Senate-approved $1.9 trillion stimulus bill include an unemployment insurance (UI) exemption for 2020. The retroactive change in law, which would come after approximately 45 million returns have already been filed this year, is amplifying calls...
by Rupinder | Mar 8, 2021 | Uncategorized
NSA celebrates our incredible members who support us, challenge us and inspire us daily.To all the hardworking women making waves in the tax and accounting industry, NSA is working for you. In honor of International Women’s Day, here’s what we’re...
by Rupinder | Mar 4, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) has released new and updated Paycheck Protection Program FAQs. The PPP FAQs, released March 3, include changes made by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), enacted...
by Rupinder | Mar 3, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) has released a new Paycheck Protection Program (PPP) Borrower Application Form for Schedule C Filers Using Gross Income. The new application released on March 3 reflects the updated interim final rule (IFR) released the...
by Rupinder | Mar 1, 2021 | Uncategorized
WASHINGTON – The Internal Revenue Service today issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020...
by Rupinder | Feb 23, 2021 | Uncategorized
IRS Commissioner Charles P. Rettig on February 23 told lawmakers on Capitol Hill that the IRS has no plans to generally extend the 2021 tax filing season. Additionally, Rettig informed lawmakers that the IRS is still processing about 6 million 2019 tax returns. “We...
by Rupinder | Feb 22, 2021 | Uncategorized
The Biden administration has announced several reforms to the Paycheck Protection Program (PPP), which are aimed at targeting the PPP more narrowly toward certain small businesses. The White House on February 22 released a Fact Sheet outlining the following changes to...
by Rupinder | Feb 19, 2021 | Uncategorized
The IRS has released a statement alerting taxpayers that approximately 260,000 CP59 Notices should not have been sent. These IRS notices are generally issued to taxpayers who have failed to file a tax return for the prior calendar year. “Due to pandemic related...
by Rupinder | Feb 4, 2021 | Uncategorized
Join Jessica L. Jeane, J.D., NSA’s Director of Public Policy, on Thursday, February 11, 2021, at 2:00 PM ET, for a 1-hour webinar titled Legislative Review: Consolidated Appropriations Act, 2021 –Changes to Paycheck Protection Program (PPP) and Employee...
