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Uncertainty Surrounds Recently Proposed Tax Changes

By MendenFreiman LLP |

Earlier this year, we outlined some proposed tax law changes that were being discussed in Washington D.C. with the Democratic control of the House, Senate, and White House. Last month, the House released a draft of the Build Back Better Act (the “BBB Act”) that contained many of the proposed changes. However, due to… Read More »

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The Expanded Employee Retention Credit: What Employers Should Know

By MendenFreiman LLP |

The Consolidated Appropriations Act of 2021 modified the Employee Retention Credit (ERC) in order to extend its availability, increase its value, and expand eligibility requirements. Many key changes apply retroactively to 2020. The most significant and beneficial modifications include the following: Retroactively making PPP loan recipients eligible for the credit in 2020 and 2021… Read More »

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Another Month, Another Round Of Tax Proposals

By MendenFreiman LLP |

Last month, we outlined some of the potential tax law changes circulating Washington D.C. after the recent shift of power in the White House and Senate. Since that update, there have been a couple of additional proposals that give more insight into the potential direction of tax legislation this year. Last time, we told… Read More »

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President Biden’s First 100 Days and Potential Tax Law Changes

By MendenFreiman LLP |

Last fall, we told you about potential tax law changes that could occur with a shift of power in the White House and Senate after the election. Now, as we have finished the first 100 days of a new administration, we are beginning to see just how significant those changes could be. President Biden… Read More »

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