News

IRS offers penalty relief on employment tax payments amid COVID-19

The Internal Revenue Service is providing penalty relief for an employer’s failure to deposit employment taxes with the IRS on a timely basis. Click here to read more.

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IRS and COVID vaccine email scams proliferating this tax season

Security experts are seeing a rise this tax season in phishing schemes and malware tied to hot-button subjects like tax refunds, stimulus payments and COVID-19 vaccines. Click here to read more.

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An Important Reminder Regarding ERC Qualification and your Business’s Q1 2021 Form 941

As a reminder to Walz Group clients and friends, small business owners may be eligible for the Employee Retention Credit (ERC) for the Q1 2021 if your Q4 2020 revenue was at least 20% lower than your Q4 2019 revenue, or if your Q1 2021 revenue was 20% lower…

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PPP Funds Not Taxable in PA!

On Friday, February 5, 2021, the Pennsylvania House and Senate unanimously passed a COVID-19 Relief Bill that allocates Pennsylvania’s share of $912 million in Federal funding. Included in this Relief Bill is a clause that states Pennsylvania will NOT tax PPP loan funds that have been forgiven. This is…

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Did you get $$$ from HHS Healthcare Provider Relief Funds?

Through the CARES Act and the Paycheck Protection Program and Health Care Enhancement Act (PPPCHE), the federal government has allocated $175 billion in payments to be distributed through the Provider Relief Fund (PRF). As qualified providers of health care, services, and support, you may have received PRF payments for…

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