• About Us
  • News
  • Join H&S
    • Careers
    • Merge With H&S
  • Contact Us
  • 1-800-924-6891
H&S Companies
  • Home
  • About Us
  • News
  • Our Services
      •   Accounting
      •   Assurance
      •   Business Consulting
      • ERP Systems
      •   Hospitality Specialists
      • I.T. Strategy & Consulting
      • Income Tax Provision
      •   Manufacturing Specialists
      •   Payroll Services
      •   Pension Administration
      • Research and Development Tax Credit
      •   Strategic Planning
      • Taxes
      •   Wealth Management
  • Client Tools
    • Client Login
    • Forms & Resources
    • File Upload
    • Upload Tax Documents
  • Locations
    • Big Rapids
    • Cadillac
    • Fremont
    • Grand Rapids – Cascade
    • Grand Rapids – West
    • Greenville
    • Hart
    • Lansing
    • Mount Pleasant
    • Muskegon
    • Reed City
    • Rockford
  • Forms & Resources
  • Client Login
  • File Upload
  • Pay Your Bill
  • Careers
  • Contact Us
  • 1-800-924-6891
  • Menu Menu

IRS announces further details of tax credits available to help small businesses…

April 22, 2021/in Uncategorized/by Stephanie Hendon

The Internal Revenue Service and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.

The additional details, provided in a fact sheet, spell out some basic facts about the employers eligible for the tax credits. It also provides information on how these employers may claim the credit for leave paid to employees related to COVID-19 vaccinations.

Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive a tax credit for providing paid time off for each employee receiving the vaccine and for any time needed to recover from the vaccine. For example, if an eligible employer offers employees a paid day off in order to get vaccinated, the employer can receive a tax credit equal to the wages paid to employees for that day (up to certain limits).

Click here to read the full article

Tags: american rescue plan, cascade accounting, Cascade CPAs, covid relief funds, fremont accountants, fremont cpas, grand rapids accountants, grand rapids accounting firm, Grand Rapids CPAs, IRS, muskegon accountants, Muskegon CPAs, Rockford CPAs, Tax Credits
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
  • Link to Dribbble
https://www.hscompanies.com/wp-content/uploads/2021/04/IRS-Further-Tax-Credits-Feature-Image_042221.jpg 360 480 Stephanie Hendon https://www.hscompanies.com/wp-content/uploads/2017/11/HS-logo-edit.png Stephanie Hendon2021-04-22 10:17:562021-04-22 10:17:56IRS announces further details of tax credits available to help small businesses…

Recent Posts

  • Governor Whitmer signs legislation phasing out retirement tax & raising working families tax credit
  • Congrats to our Muskegon Office!
  • Estate Planning 101 Virtual Seminar
  • Receiving an Earned Income Tax Credit for 2022?
  • Questions on the changes related to R&D costs?

Categories

  • Affordable Care Act Tips + Updates
  • Articles
  • Committed to Our Communities
  • Fraud and Forensic Investigation
  • Locations & Services
  • Media
  • Newsletters
  • Press Releases
  • QuickBooks Tips
  • Tax Checklist
  • Tax Tips
  • Uncategorized
CPA's & Business Advisors
Need Help?
Pay your Bill

About Us | Our Services | Forms & Resources | 1-800-924-6891

Remote Desktop Server – Internet Explorer | Remote Desktop Server – Non Internet Explorer | Company Store | Uniprint Client

Copyright © 2023 H&S Companies. Site by CurlyHost.

Small businesses have until May 31 to apply for a forgivable loan Where’s my tax refund? Americans face delays as IRS holds nearly 30M tax...
Scroll to top