Chester County News and Community Website
WASHINGTON, D.C. — The Treasury Department and the Internal Revenue Service recently issued Revenue Procedure 2021-20 PDF for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct …
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WASHINGTON, D.C. — The Internal Revenue Service is reminding those with income from a farming or fishing business can avoid making any estimated tax payments by filing and paying their …
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WASHINGTON, D.C. — The Internal Revenue Service is urging employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed …
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WASHINGTON, D.C. — The Internal Revenue Service this week released Notice 2021-11 addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout …
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WASHINGTON, D.C. — During the recent Small Business Week event, the Internal Revenue Service reminded business owners and self-employed individuals of the employer credits available to them during COVID-19.
Read MoreWASHINGTON, D.C. — The U.S. Department of the Treasury released the following statement on the funding of the Social Security Trust Funds and Payroll Tax Deferral:
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WASHINGTON, D.C. — The Department of Treasury and Internal Revenue Service issued guidance implementing the Presidential Memorandum issued on Aug. 8, 2020, allowing employers to defer withholding and payment of the …
Read MoreWASHINGTON, D.C. — The IRS is reminding employers to carefully choose their payroll service providers following continuing concerns that some disreputable organizations can fail to deposit employment taxes, leaving businesses …
Read MoreWASHINGTON, D.C. — The Internal Revenue Service is reminding taxpayers that using the IRS Tax Withholding Estimator to do a Paycheck Checkup can help them have the right amount of tax withheld and …
Read MoreWASHINGTON, D.C. — The U.S. Small Business Administration, in consultation with the Treasury Department, announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program …
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