IRS Issues Draft Form 941 and Form 941, Schedule R

Due to the COVID-19 pandemic, legislation has been signed into law that has provided multiple employment-related credits and other tax relief to employers. As a result, the IRS has issued drafts for Form 941 (Employer's Quarterly Federal Tax Return) and its...

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Wisconsin Tomorrow Small Business Recovery Grant

In collaboration with the Wisconsin Economic Development Corporation (WEDC), the Wisconsin Department of Revenue (DOR) will award $420 million to small businesses impacted by the COVID-19 pandemic through the Wisconsin Tomorrow Small Business Recovery Grant program....

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Biden Signs PPP Deadline Extension Into Law

The deadline to apply for a Paycheck Protection Program (PPP) loan was formally extended Tuesday when President Biden signed the PPP Extension Act of 2021, H.R. 1799 into law. The popular program established by the CARES Act, which was created to help small businesses...

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IRS Extends Additional Tax Deadlines for Individuals to May 17

The Internal Revenue Service announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund. This follows a previous announcement from the IRS on...

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