Month: April 2021
On April 22, 2021, the IRS issued Revenue Procedure 2021-20, which provides a safe harbor allowing taxpayers who did not deduct expenses paid with forgiven PPP loans in 2020 to deduct those expenses in the next tax year. The failure to deduct those expenses was consistent with IRS guidance at the time, but that guidance…
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Does your private sector business have more than 50 employees? If so, California law requires your business to register with the CalSavers Retirement Savings Program (“CalSavers”) by June 30, 2021. The CalSavers registration is required for a covered employer to confirm that it either provides its employees access to a CalSavers Individual Retirement Account (“IRA”), or that it is…
Read MoreApril 2021 Monthly Tax Law Tip The filing date for federal and California tax returns has been moved forward from April 15 to May 17, but this is only for individuals. Trusts and estates, and corporations, still have an April 15 filing date, and estimated payments for individuals are still due on April 15.
Read MoreMonthly Litigation Law Tip As COVID-19 vaccines become more available, many employers are considering ending remote work in whole or in part. Some employees may request to continue working from home. Distinguishing between employees asking to work from home as a legitimate accommodation versus those who simply prefer it can be complicated. Getting it right…
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On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), a $1.9 trillion economic stimulus package and comprehensive COVID relief bill that provides a wide range of assistance to businesses and individuals. As with the COVID-related Acts preceding it, ARPA facilitates much of this assistance through changes to…
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