Category: Tax Credits

July 15, 2021

Enhanced Child Tax Credit is Here!

The American Rescue Plan included a significant overhaul of the child tax credit. It…

American Rescue Plan, Tax Credits, Tax Refund

August 8, 2021

New York Restaurant Return-to-Work Tax Credit

On Thursday, August 5, 2021, New York State announced the launch of the New…

New York State, News, Tax, Tax Credits

September 8, 2021

2021 Child Tax Credit and Advance Payments: A Deeper Dive #2

The American Rescue Plan not only expanded the amount of the Child Tax Credit,…

Child Tax Credit, Tax, Tax Credits, Tax Refund, Tax Relief

March 13, 2022

New York Expands Excelsior Jobs Program for Green Projects #2

The New York budget legislation enacted in 2021 included an expansion of the Excelsior…

General Business, New York State, SALT, Tax Credits, Tax Incentives

October 21, 2022

IRS Warns Employers About Third Parties Promoting Improper ERTC Claims #2

There have been many recent news stories on how the IRS is cracking down…

COVID-19, ERTC, General Business, IRS, PaycheckProtectionProgram, Tax Credits, Tax Relief

October 28, 2022

Applications Now Being Accepted for NY COVID-19 Capital Costs Tax Credit Program #2

NY Gov. Kathy Hochul announced this week that applications are now being accepted from…

COVID-19, New York State, News, Tax Credits, Tax Relief

December 6, 2022

Energy Credits and the Inflation Reduction Act #2

The Inflation Reduction Act was signed into law on August 16, 2022. It includes…

Energy Credits, General Business, Inflation, Inflation Reduction Act, IRS, Small Business, Tax, Tax Credits, Tax Incentives

March 1, 2023

Secure Act 1.0 and 2.0: Increased Tax Credits for Small Employers with New Retirement Plans #2

SECTION ONE Changes to the credit for Small Employer Retirement Plan Start-up Costs with…

401(k) and 403(b) Plans, General Business, News, SECURE Act, Secure Act 2.0, Small Business, Tax Credits

June 8, 2023

Employee retention Tax Credit (ERTC) Scams

The IRS added widely circulating promoter claims involving Employee Retention Tax Credits (ERTC) as a new entry in the…

CARES Act, COVID-19, ERTC, General Business, Tax Credits

September 15, 2023

IRS Orders Immediate Moratorium on Processing New Employee Retention Credit (ERC) Claims

On September 14, 2023, the Internal Revenue Service (“IRS”) announced an immediate moratorium on…

COVID-19, Employee Retention Tax Credit, ERC, ERTC, General Business, IRS, News, Small Business, Tax Credits, Tax Relief

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