With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably over 2021 amounts. Read more
The guidance comes as Congress weighs ending the ERC early to help offset the costs of the pending infrastructure bill. Read more
The Consolidated Appropriations Act of 2021 included a provision for calendar year 2021 and 2022 to allow businesses to deduct 100% of expenses for meals if they are “provided by a restaurant.” Read more
Similar to the IRS’ decision, there is no extension in Massachusetts for estimated tax payments that are due on April 15th, 2021. Read more
DGC is still urging all clients to send us your 2020 tax information as soon as possible. Read more
Despite this delay, DGC is still urging all clients to send us your 2020 tax information as soon as possible. Read more
We have been waiting for tax guidance concerning the treatment of expenses used to seek forgiveness of PPP Loans and now we have it. Read more
Lenders have been told that they should not file cancellation of debt (Form 1099-C) to borrowers for forgiveness of debt related to the Paycheck Protection Program. Read more
The guidance is brief, and private employers still have questions about whether, and how, to implement the deferral. Read more
Overdue balance notices for the 2019 taxable year are still being sent to taxpayers, even to those who mailed in their payment on time, because the checks have not been processed yet. Read more
