by ABIP | Apr 1, 2021 | COVID-19, News, Newsletter
PPP Loan Deadline Extended Through May 31 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, 2021, extending the deadline to apply for a loan by an extra 60 days, from March 31 to May 31, 2021. The law also gives the Small Business...
by ABIP | Mar 12, 2021 | COVID-19, News, Newsletter
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains extensions to unemployment, direct stimulus payments, provisions for small businesses,...
by ABIP | Jan 3, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] COVID-related Tax Relief Act of 2020 The Consolidated Appropriations Act, 2021, H.R. 133 included funding for the government, extensions for expiring tax extenders, COVID tax relief under the COVID-related Tax Relief Act of 2020,...
by ABIP | Jan 1, 2021 | COVID-19, News, Newsletter, Taxes
[vc_row][vc_column][vc_column_text] Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate...
by ABIP | Dec 2, 2020 | COVID-19, News, Taxes
[vc_row][vc_column][vc_column_text]The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes that help charitable organizations. One such provision allows taxpayers to deduct cash donations of up to $300...
by ABIP | Sep 3, 2020 | COVID-19, News
Employee Payroll Tax Deferral Guidance On August 8, 2020, President Trump signed an executive order allowing employers to defer the withholding and payment of the employee share of Social Security taxes from September 1 through December 31, 2020. As the executive...
