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  • Advocacy
    • Legislative Lineup
    • Bill Summaries
    • Bill Tracker
    • Fee Proposal Chart
    • Political Donations
    • SD Legislature
  • Training
    • ServSafe
    • ServSuccess
    • Alcohol & Allergen Training
    • Workplace Training
  • Events
    • ProStart Invitational
    • Best Bagger Competition
    • Employment Law Seminars
    • Spring Customer Service Seminars
  • Business Resources
    • Business Start Up | SD GOED
    • Buyer's Guide
    • Retail Prophet Magazine
    • Tax Information
      • Sales Tax Report Municipal
      • Sales Tax Report State
    • Workforce
      • Workforce Tips
      • Employer Resources
      • Training and Credentials
    • Consumer & Business Trends
    • News
  • Foundation
    • Scholarships
    • ProStart
    • Restaurant Ready
    • Give Back
  • Membership
    • Join Us!
    • Member Services
    • Member Awards
    • Member Directory
    • Member Login
  • Advertising
  • About Us
    • Meet Our Staff
    • Board of Directors
    • Where It All Started
      • Past Presidents
    • Contact Us

IRS News & Resources for Businesses

May 2021 Edition:
 Highlights include:
  • Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
  • 2021 Tax Tips and Some Motherly Advice
  • Treasury Department and IRS provide safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans

April 2021 Edition:
 Highlights include:
  • SCAM ALERTS
  •  IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19
  • Relief from Penalty for Failure to Deposit Employment Taxes  

 March 2021 Edition:
 Highlights include:
  • Gathering records before preparing tax return makes filing go smoother
  • Newly-revised IRS publication explains tax benefits for members of the military
  • Work Opportunity Tax Credit extended to January 2021

February 2021 Edition:
Highlights include:
  • Tax resources for military members, veterans and their families
  • IRS updates FAQs on paid sick leave credit and family leave credit 
  • New law extends COVID tax credit for employers who keep workers on payroll

January 2021 Edition:
Highlights include:
  • Taxpayers should check out these tips before choosing a tax preparer
  • Volunteers needed for free tax prep help
  • Identity Protection PIN Program will soon be available to taxpayers nationwide

December 2020 Edition:
Highlights include:
  • Get Ready for Taxes: Steps to take now to make tax filing easier in 2021
  • IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts
  • Reminder to all taxpayers: Gift cards are not used to make tax payments

November 2020 Edition:
Highlights include:
  • Taxpayers who need last year’s tax return have several options
  • Business owners should visit IRS.gov for help with tax actions when closing a business
  • See Updates on PPP loans on the last page

October 2020 Edition
Highlights include:
  • See the Small Business Week page on IRS.gov for news releases, tax tips, and Social Media.
  • IRS expands tax help into more languages; Form 1040 offered in Spanish and more services, information available in multiple languages
  • How people can reconstruct records lost in a natural disaster

September 2020 Edition
Highlights include:
  • Unemployment compensation is taxable; have tax withheld now and avoid a tax-time surprise
  • Deferral of employment tax deposits and payments through December 31, 2020
  • Earning side income: Is it a hobby or a business?
  • Financial safety is an important part of disaster preparedness

August 2020 Edition
Highlights include:
  • Free tax content you can share: Outreach Connection
  • IRS advice for those who missed the July 15 deadline, file now to avoid bigger bill
  • From the SBA:  Beware of Scams and Fraud Schemes

July 2020 Edition
Highlights include:
  • IRS warns against COVID-19 fraud; other financial schemes
  • Flowchart helps employers understand new tax credits
  • IRS outlines changes to health care spending available under CARES Act
  • Who qualifies for which new employer tax credit?

June 2020 Edition
Highlights include:
  • IRS provides tax relief through increased flexibility for taxpayers
  • Get My Payment FAQs
  • New credits fund employers for Coronavirus-related paid leave
  • New Employee Retention Credit helps employers keep employees on payroll

May 2020 Edition
Highlights include:
  • Coronavirus Tax Relief and Economic Impact Payments 
  • Coronavirus Tax Relief for Businesses and Tax-Exempt Entities 
  • Employee Retention Credit available for many businesses financially impacted by COVID-19 
  • Tax Credits for Paid Sick and Paid Family Leave

April 2020 Edition
Highlights include:
  • Coronavirus Tax Relief
  • If you get a call, text, or email saying they need information in order to send you the economic impact payment, it’s a scam! 
  •  Employee Retention Credit
  • The Families First Coronavirus Relief Act FAQ
QUICK LINKS:  2024 ANNUAL REPORT  |  CONTACT US
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320 E. Capitol Ave.  |  Pierre, SD  57501  |  Phone: (605) 224-5050
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