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Employee Retention Credit Under COVID-19 Relief

(Accounting Web) - The COVID-19 Relief Package extends and expands the Employee Retention Credit (ERC) established under the CARES Act in the spring of 2020.



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Risks Related to Round-two PPP Loans … and How to Mitigate Them 
(MACPA Blog) - Before accepting an engagement to assist a client in applying for a PPP loan or applying for loan forgiveness, CPAs should first consider whether the client is the right fit for the service and that they understand their responsibilities.


Over $5B in US Small Business Relief (PPP) Loans Approved in First Week  
(Fox Business) --SBA The loans, which convert to grants if borrowers follow guidelines, went to 60,000 businesses via 3,000 lenders


U.S. Weekly Jobless Claims Decline Moderately 
(Reuters) - The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses.


IRS Explains Extended Payroll Tax Due Dates 
(JofA) - The IRS has issued guidance (Notice 2021-11) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year.


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About AccountantsWorld

At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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