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TANNER NEWS

Tanner LLC Names Trevor Peterson Audit Partner

Salt Lake City – Tanner LLC, Utah’s premier public accounting firm, is pleased to announce the promotion of Trevor Peterson to Audit and Transaction Advisory Partner. Trevor joined Tanner in 2008 and has worked as an Audit Staff, Audit Senior, Audit Manager, and most recently Senior Audit Manager. He works...

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Extended and Expanded Employee Retention Credit

One of the significant changes under Consolidated Appropriations Act, 2021 (the “Act”) signed into law on December 27, 2020 was the extension and expansion of the Employee Retention Credit. The Employee Retention Credit can be used to offset Federal employment taxes. Excess credits are refundable or can be claimed in...

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PPP Expense Deductibility and Second Draw Options for Eligible Entities

The Consolidated Appropriations Act, 2021 (the “Act”) was passed by Congress on December 21, 2020 and awaits the President’s signature. The Act includes changes to the original Paycheck Protection Program (“PPP”) as well as a second draw for small business that experienced a 25% or greater decline in gross receipts....

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Consolidated Appropriations Act 2021

Late on December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, which provides a new round of relief for the ongoing COVID-19 pandemic. The President has indicated his intention to sign the bill into law sometime this week. From a tax standpoint, there are not many new provisions providing...

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