Federal and state tax news for businesses and individuals, all in one place. DGC's Tax Update Newsletter provides you with clear and concise resources to keep you informed about the issues and topics that we are discussing with our clients.
IRS Releases New Business Meal Expense Deduction Guidance
The IRS has released new guidance clarifying the definition of “provided by a restaurant” along with other details about the business meal expense provision. Full Article
How Can the Employee Retention Credit Help You and Your Business?
Employers should familiarize themselves with the details, especially when you consider that the credit could be worth as much as $28,000 per employee for 2021. Full Article
A Closer Look at the American Rescue Plan Act
The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. Full Article
Returning to the Office or Not: Tax Implications of Employee Location Changes
If employees begin making their temporary work from home arrangements permanent, employers must address new tax implications for their businesses and their employees. Full Article
Massachusetts Accelerated Sales Tax Changes for Many Businesses
Companies with tax liabilities that exceeded $150,000 in the prior calendar year need to follow new guidelines. Full Article