Employee vs Contractor Classification: The Possible Impact of The American Rescue Plan Act of 2021 – 1099-K Reporting on $600 Cash Applications (CashApp, Venmo, PayPal, etc.)

Section 530 of the Revenue Act of 1978 (“section 530”) generally allowed a taxpayer to treat a worker as not being an employee for employment tax purposes (but not income tax purposes), regardless of the worker’s actual status under the common-law test, unless the taxpayer had no

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Advance Child Tax Credit Monthly Payments Are On the Way

Beginning July 15th, nearly all working families will automatically receive their Monthly Child Tax Credit Payments, but here’s some information about this substantial tax relief, who qualifies, and how much to expect in the coming months to make sure you don’t leave any money on the table.

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Shuttered Venue Operators Grant Program

Finally, the Small Business Administration (SBA) is about to open the application portal for the long-awaited Shuttered Venue Operators Grant (SVOG) Program, which is designed to help entertainment venues and cultural institutions weather the pandemic shut-downs. Background On December 27, 2020, the President signed into law the

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