ARPA Archives - BeachFleischman CPAs

New tax reporting requirements for payment apps could affect you

February 4, 2022 Brent A. Songer Tax Bites 1099-K, ARPA, PSE

If you receive payments through services such as Venmo or PayPal, be aware that there are new tax reporting requirements beginning this year.

U.S. House passes the Build Back Better Act

November 23, 2021 Kim Paskal Tax Bites ARPA, BBBA, tax credits, tax planning, TCJA

The Build Back Better Act is one step closer to becoming law as it passes the U.S. House.

Debate continues in Congress over proposed tax changes

October 14, 2021 October 20, 2021 Kim Paskal Tax Bites ARPA, BBBA, BIB, CTC, NIIT, TCJA

The fate of the Build Back Better Act and the Bipartisan Infrastructure Bill remains uncertain as Congress continues negotiations. Here’s a list of the tax provisions that may affect you or your business.

EIDL program retooled for still-struggling small businesses

September 22, 2021 September 23, 2021 Tax Department COVID-19, Tax Bites ARPA, CARES, COVID-19, EIDL, SBA disaster loans

Many small businesses are still feeling the pressure of the pandemic. If yours needs a loan, check out the SBA’s newly enhanced COVID-related EIDL program.

Here come the child tax credit payments: What you need to know

July 14, 2021 July 19, 2021 Tax Department Tax Bites advance payments, ARPA, child tax credits

If you have children age 17 or under, it’s critical to understand the recent changes made to the child tax credit.

American Rescue Plan Act of 2021 – A Closer Look

June 1, 2021 July 22, 2021 Tax Department COVID-19, Hospitality, Tax Bites ARPA, CAA, CARES, COBRA, COVID-19, ERC, FFCRA, RRF

The American Rescue Plan Act of 2021 was signed into law on March 11, 2021. We’ve gathered highlights of noteworthy ARPA provisions for businesses and individuals.

The Restaurant Revitalization Fund is now live

May 6, 2021 May 10, 2021 Tax Department COVID-19, Hospitality ARPA, COVID-19, restaurant industry, Restaurant Revitalization Fund, restaurants, RRF, SBA

If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon.

President Biden details his tax proposals for individuals

April 30, 2021 May 10, 2021 Tax Department Tax Bites ACA, American Families Plan, ARPA, capital gains tax, child tax credits, EITC, proposed tax law changes, tax breaks

What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”

EIDL loans, restaurant grants offer relief to struggling small businesses

April 1, 2021 Tax Department COVID-19, Hospitality, Tax Bites ARPA, COVID-19, EIDL, restaurant, restaurants, small business

Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.