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Relief Bill 2.0

NEW Video -  充分利用(ERC)雇员保留税抵免(点击此处)

摘要:广泛的法案,影响深远的税收和救济后果,现在是法律

On Sunday, 12/27/20, 特朗普总统签署了一项综合法案,为联邦政府的正常运作提供资金, 以及一项重要的冠状病毒应对和救济补充拨款法案. 该法案包含许多刺激条款和一些影响2020年纳税义务的条款.  After studying the 5,500+ page text, 我们认为以下要点对我们的许多客户来说是最重要的条款. 因为这项法案可能会对2020年的税收负担产生重大影响, please scan the highlights below and reach out to your CPA to discuss how these may affect your unique situation. On January 5th, 我们还将举办一场一小时的虚拟活动,回顾该法案及其2021年的机会. 我们祈祷你有一个非常快乐的圣诞节, 在经历了多事的2020年之后,祝你的新年充满祝福!

12月19日,国会参众两院协商并通过了一项综合开支法案th weekend and into Monday.  这包括12项拨款,每项1美元.在剩下的预算年度里,典型的政府支出将达到4万亿美元, and another $900 billion of relief in the Coronavirus Response and Relief Supplemental Appropriations Act.  我们将在下面探讨救灾支出中的几个项目, 其中亮点包括1660亿美元的直接支票, 1200亿美元的额外失业援助, 2840亿美元用于工资保护计划.0 (PPP2), 以及为特定企业提供额外资金, 受大流行病影响的保健和教育. 





所有PPP贷款可扣除的PPP费用:免税减免收入的基础增加  

Treasury Secretary Mnuchin and the IRS had clearly set forth for the last 9 months that expenses paid with PPP monies would not be deductible for income tax purposes, 为所有PPP借款人创造重大税收事件.  With one week left in the year, 国会的行动已经扭转了这一局面, 随着该法案成为法律,这些费用现在显然是可以扣除的.  Also, a step up in basis will be provided for pass through entities from the tax-exempt income applicable to the forgiveness of debt, 进一步保证上述费用的可抵扣性.  购买力平价借款人确实收到了圣诞惊喜, 因为他们将能够鱼与熊掌兼得,尽管所有的指导和逻辑到目前为止.  这对我们的客户来说是一个显著的好处.  此外,有资格获得减免的PPP覆盖成本清单已经扩大.


工资保护计划第二次提取贷款:又名PPP2 -所有非农就业资格, $2m cap, 资格与任何季度收入下降25%挂钩. the same quarter in 2019, 2.5x avg. 每月工资,特别增加到3美元.5英镑用于餐馆和招待费

符合条件的借款人可以获得第二笔PPP贷款. 这些第二次提取PPP贷款限制为a) 2美元的较低者.0 million or b) 2-1/2 times the borrower’s average monthly Payroll Costs (3-1/2 times if the borrower is a Food Services or Hospitality business).

符合条件的实体包括任何业务关系, nonprofit organization, self-employed individual, 以及其他一些组织 a) 雇用300名或更少的员工 b) have experienced a 25% revenue reduction in a calendar quarter during 2020 compared to the same quarter in 2019.


FFCRA扩展:EPSLA和EFMLEA在原始框架内扩展到3/31

The Emergency Paid Sick Leave Act (EPSLA) and the Emergency Family Medical Leave Expansion Act (EFMLEA) under the Families First Coronavirus Response Act are both being extended until March 31, 2021.  These sick and leave pays have been heralded as one of the most effective strategies to curb COVID spread, 因为他们让数百万有传染性的人留在家里领取工资.  Also, 企业获得了所有这些工资的一美元对一美元的抵免, 所以这对员工来说确实是一种增量收益, and if structured correctly, the employer.  For many American workers, the reality that lost wages will significantly impact their families might lead them to work while sick.  这些工资削弱了这个严酷的事实,延长这些工资是受欢迎的.  请参阅我们的“发布及推广”策略及 EPSLA和EFMLEA的好处 如果你是有保险的雇主,那么你就有资格获得抵免.  The new act also provides self-employed individuals an election to utilize 2019 earnings instead of the current year when calculating applicable credits, 另一个有利于商业的条款是什么.


Employee Retention Credit Changes: 1) More than a consolation prize rules for 2020; 2) Prospective: extended to July 1, 2021, increased to 70%, increased to $10,每个员工每季度最高工资, 并将总收入同比降幅测试降低至20%

The Employee Retention Credit (ERC) that was established as a “consolation prize” for non-PPP recipients who experienced significant drops in revenue has been liberalized, expanded, and extended.  This is now an incredibly significant credit that should be studied closely by all potential taxpayers, 即使他们确实收到了PPP资金, as section 206 of the new act strikes the “consolation prize” rules that limited this provision to non-PPP recipients.  信用证的原始信息 is found here.  该计划的结束日期已从1月1日提前, 2021, to July 1, 2021, 允许这种情况再延长六个月.  More significantly, 2021年前两个季度, 抵税额已从适用工资的50%改为70%.  Also, 工资上限从10美元改变了,到2020年,一年总共有5000美元(5美元),000 max credit per employee), to $10,到2021年,每个适用季度可获得5000美元(允许另外潜在的14美元),在2020年可能实现的信用基础上,再增加1000万的信用额度。.  The required quarter vs. prior quarter rolling revenue decline testing for 2021 eligibility has been liberalized from a 50% decline in revenue to only a 20% decline. However, 这仍然是一个按季度的分析,包括开始和结束条款, 这现在可以依赖于上一季度而不是当前季度.  Of note, 除了收入下降测试, businesses may also qualify for the ERC if they have suffered a full or partial suspension of operations during a calendar quarter due to governmental order limiting commerce, travel, 或因COVID-19而举行的小组会议.  The IRS has provided some Q&这是一个相当自由的分析,许多企业都遭受了损失, but not met the revenue tests, 是否具有追溯性和前瞻性.  Of further note, it is important to integrate PPP1 dollars for eligible ERC enterprises in 2020 forgiveness applications and for historical wages that until now would not have qualified, and to analyze PPP2 dollars and eligibility for the even greater ERC benefits for the first two quarters in 2021.  Integrating these liberalized Employee Retention Credits alongside forgiveness of selected covered expenses under the PPP programs is imperative, 也是每个企业主观的、独特的过程.  For affected taxpayers, the PPP forgiveness application and selected covered expenses are that much more important to integrate into this conceptual framework in order to avoid the ever-present potential pitfall of missed opportunity.


要求增加PPP贷款金额的能力:如果你还没有被原谅

A PPP borrower may request an increase in its loan amount if the borrower’s PPP Loan has not been forgiven, and either 1) 借款人归还部分PPP贷款或 2) 没有收到借款人有资格获得的全额贷款.  我们在PPP过程的早期注意到,有几家银行没有正确处理贷款, full amount, 由于在制度层面上对《手机赌博软件下载排行》某些方面的不同解释.  Many borrowers simply took the funds as approved given the frothy conditions in the PPP market at the time.  对于少数受影响的客户来说,这可能是一个受欢迎的好处,而且意义重大.


简化PPP贷款减免150美元,000或更少:不再需要发送支持, 4 years document retention, 更简单的应用和证明

对于150美元以下的贷款,小企业管理局需要签发一份简化的单页宽免申请,000 within 24 days of final law. To obtain forgiveness, 借款人只需要证明i)聘用的员工人数, Ii)估计的工资支出金额, and iii) the total loan. 借款人亦必须证明申请表是准确无误的, 借款人已遵守与PPP贷款有关的要求, 雇佣记录保存4年,其他记录保存3年.  这些新的简化要求也将适用于150美元的新贷款申请,000 or less.


废除EDIL推进PPP贷款整合:不再减少PPP宽恕

借款人的PPP贷款宽免不会因借款人的EIDL预付款金额而减少. 如果EIDL预付款先前减少了借款人的PPP贷款宽免, SBA将通过EIDL Advance增加宽恕.  这些信息是通过现有的贷款减免申请流程掌握的, 预计SBA将直接汇出剩余的余额, 从而减少了银行和借款人账簿上的部分贷款.


501(c)(6)组织的PPP资格:501(c)(6)可以回去申请PPP1

Sec. 501(c)(6)和目的地营销组织现在有资格获得PPP1贷款. 该机构的雇员不得超过300人,游说活动也必须受到限制. 职业体育联盟不包括在内. Sec. 501(c)(6)组织包括商会、房地产委员会和贸易委员会.  This is a significant expansion, 由于许多贸易和成员组织在大流行中遭受了严重损失.


Grants for Shuttered Venue Operations: 45% of 2019 revenue grant (capped at $10m) for certain theatrical venues

该法案允许向某些关闭的场馆运营商支付补助金.  合资格人士或实体包括现场场地营运商或推广商, theatrical producers, 现场表演艺术组织经营者, museum operators, motion picture theatre operators, and talent representatives.  运营商必须满足一些要求才有资格获得赠款, 包括在2月29日全面运作, 2020, 该场馆打算在批准之日重新开放.  符合条件的场地的赠款金额为2019年收入的45%或1000万美元中较低者.  补助金是由受收入下降影响最大的优先运营商提供的, 首先是收入下降90%的运营商, 然后是收入下降70%的运营商.


Temporary Allowance of Full Deduction for Business Meals: Meals are 100% deductible for 2021 and 2022

在2021和2022日历年,该法案允许100%扣除商务餐.  要符合资格,必须支付餐馆提供的食物或饮料的费用.  合格商务餐的规定仍然适用, but taxpayers will be able to deduct 100% of the amount instead of the 50% limitation that was in effect for 2020.  这不是溯及既往的规定, 而围绕收回娱乐费用的游说并没有坚持下去.  This is not a surprise, 因为2020年可能不会是恢复派对的一年.  让我们对2021年抱有一些希望!


Extenders: A big list of 1, 2, 延长5年,从WOTC到高度利用的采矿紧急救援规定

该法案规定了现行税收规定的许多扩展条款.  Some of the more significant provisions include the following:  medical expense deduction for itemizing taxpayers will remain at the 7.5% floor of adjusted gross income; deductions for energy-efficient commercial buildings (which will be inflation-adjusted); and a transition from qualified tuition deductions to the Lifetime Learning Credit.  这些扩展器是永久扩展.  The following extenders have been extended through 2025: the New Markets tax credit; Work Opportunity Tax Credit (WOTC); employer credit for paid family and medical leave (not to be confused with FFCRA credits); and gross income exclusion for discharge of indebtedness on a principal residence.  节能物业有许多信贷规定, distilleries, and other industries.  请联系您的注册会计师,以确定是否有特定的信贷或到期条款仍然可用.

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