Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that

The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).



HSA basics



An HSA is a trust created or

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program

In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize

The CARES Act liberalizes net operating losses



The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many

VRS Clients,



We are continuing to follow the ever-changing set of rules handed down from Congress and the SBA. Please remember

The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to

The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of