Shuttered Venue Grant Program Open
April 26, 2021The Shuttered Venue Operators Grant (SVOG) program was supposed to begin accepting applications on April 8, but has been stalled due to technical glitches. The SBA announced the application portal reopened on Saturday, April 24.
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New PTO Tax Credits for COVID-19 Vaccines
April 22, 2021Recently, President Biden announced a PTO tax credit to offset the cost for small employers to provide PTO for employee leave associated with the COVID-19 vaccination.
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Infrastructure Bill Could Hike Taxes
March 30, 2021The Biden administration is preparing to release an ambitious infrastructure bill which will be financed in part by tax increases in addition to deficit spending.
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One Week Short-Term CR
December 9, 2020Lawmakers are expected to approve a one-week extension to approving a government-wide spending bill, bumping the deadline to Dec. 18.
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Treasury Denies PPP Deductibility
November 25, 2020Recently, Treasury and the IRS released guidance clarifying that forgivable PPP loan funds are not deductible, contrary to Congressional intent.
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New IRS Form 1099-NEC Radically Changes Tax Reporting
November 23, 2020NSBA partner ComplyRight explains new reporting requirements for independent contractors.
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Senate OKs Stopgap Spending Bill
September 30, 2020The Senate voted 82-6 Tuesday evening to advance a stopgap spending bill to avert a government shutdown by midnight tonight.
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Negotiations Resume on Stimulus Package
September 30, 2020House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin have revived negotiations over another stimulus bill this week.
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House OKs CR Spending Bill
September 23, 2020Late Tuesday evening, the House approved--with bipartisan support--a Continuing Resolution spending bill to fund the federal government through Dec. 11.
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