Month: March 2021 Page 1 of 2

IRS Tax Refunds to Start in May for $10,200 Unemployment Tax Break

To help taxpayers, the Internal Revenue Service announced that it will take steps to automatically refund money this spring and summer to people who filed their tax returns reporting unemployment compensation before the recent changes made by the American Rescue Plan.

The legislation, signed on March 11, allows taxpayers who earned less than $150,000 in modified adjusted gross income to exclude unemployment compensation up to $20,400 if married filing jointly and $10,200 for all other eligible taxpayers. The legislation excludes only 2020 unemployment benefits from taxes.

Because the change occurred after some people filed their taxes, the IRS will take steps in the spring and summer to make the appropriate change to their return, which may result in a refund.… Read More

In Case You Missed It: Restaurant Rebound Webinar Slides and Recording Now Available

Did any of our restaurant or foodservice clients miss the “Restaurant Rebound” webinar this morning?

Brinker Simpson, in partnership with the Delaware County Chamber of Commerce and the Delaware County Commerce Center, shared some industry-specific updates about funding opportunities.

  • Click here to preview the recording.
  • Click here to access Brinker Simpson’s slide deck.
  • Click here to learn more about C.H.I.R.P. (COVID-19 Hospitality Industry Recovery Program)
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Over $37 Million Available to Residents to Assist with Rent and Utility Bills

Delaware County officially launched the Delaware County Emergency Rental Assistance (DELCO ERA) Grant Program on March 26. The program assists renters who have suffered disruption and loss of income due to the COVID-19 pandemic. Over $37 million is available to residents to assist with past due rent and an outstanding utility bill.

How the program works:

  • DELCO ERA will pay for past due rent, the largest past due utility bill, and up to three months of future eligible housing/utility expenses totaling up to 15 months of assistance. Past due rent can go as far back as April 1, 2020. DELCO ERA does not pay for deposits.
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The Employee Retention Tax Credit (ERC) Under the American Rescue Plan Act (ARPA)

The American Rescue Plan Act of 2021 (ARPA) extends and expands the Employee Retention Credit (ERC) through December 31, 2021. The ERC was originally enacted in March of 2020 as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The Consolidated Appropriations Act of 2021 (CAA) previously extended and enhanced the ERC, most notably by retroactively allowing employers to claim the ERC even if they took a PPP loan. Under the CARES Act, you could take a PPP loan or claim the ERC, but not both. Eligibility for the ERC is based on a significant decline in gross receipts, or fully or partially suspended operations due to a government order related to COVID-19.… Read More

IRS Says Face Masks And Hand Sanitizer Can Be Tax-Deductible Medical Expenses

On Friday, the Internal Revenue Service clarified that personal protective equipment — such as masks, hand sanitizer, and sanitizing wipes — bought for the “primary purpose” of protection against the coronavirus are considered tax-deductible medical expenses.

The agency announced the rules surrounding PPE, saying the amounts paid for it are viewed as medical care under the IRS code. That means purchases of COVID-19 PPE for use by an individual taxpayer, spouse, or dependents that are not covered by insurance can be deducted so long as total medical expenses exceed 7.5% of adjusted gross income.

Purchases of PPE are also eligible to be paid or reimbursed under flexible spending plans and medical savings accounts.… Read More

Senate Passes PPP Deadline Extension

A bill to move the Paycheck Protection Program (PPP) application deadline from March 31 to May 31 won approval in the U.S. Senate on Thursday.

The final vote to approve the PPP Extension Act of 2021, H.R. 1799, was 92–7.

There was some drama, however. A measure to amend the bill was narrowly defeated 52–48. The amendment, proposed by Sen. Marco Rubio, R-Fla., would have restricted the U.S. Small Business Administration’s (SBA’s) ability to prioritize certain PPP borrowers over others. If the measure had passed, it could have led to an amended bill having to be sent back for approval to the House of Representatives, which had passed the original bill 415–3 but currently is adjourned.… Read More

In Case You Missed It: The American Rescue Plan Act of 2021 Webinar Slides & Recording Are Now LIVE!

Brinker Simpson hosted a webinar on Wednesday, March 24, 2021, to discuss The American Rescue Plan Act of 2021, updates on ERC and PPP, details about The Restaurant Revitalization Fund (RRF), and Q&A.

A recording of the presentation and Q&A can be viewed HERE.

You can also download the PowerPoint slides HERE.

If you or someone you know would like to receive information about our upcoming news, webinars, and events, please email

Please contact with any questions, concerns, or topics you’d like us to cover.

Disclaimer: This alert is for informational purposes only and does not constitute professional advice.Read More

Brinker Simpson to Participate in Restaurant Rebound: COVID-19 Business Update

On Tuesday, March 30th, from 11 a.m. to noon, Bob Simpson, CPA, and Kristen McCabe, CPA, will join the Delaware County Chamber of Commerce and the Delaware County Commerce Center for “Restaurant Rebound: COVID-19 Business Update”. During this webinar, the group will discuss new legislation for the foodservice industry and review the Pennsylvania C.H.I.R.P. (COVID-19 Hospitality Industry Recovery Program). Following the update, presenters will take part in a live Q&A. We hope you will join us!
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Child & Dependent Care Tax Credit Improvements via American Rescue Plan Act

A note to our clients regarding improvements made by the American Rescue Plan Act (ARPA) to the child and dependent care tax credit for the 2021 tax year, i.e., the credit available for expenses a taxpayer pays for the care of qualifying individual(s) under the age of 13 so that the taxpayer can be gainfully employed.

For a care expense to qualify for the credit, the expense must be “employment-related,” i.e., it must enable you and your spouse to work, and it must be for the care of your child, stepchild, or foster child, or your brother or sister or step-sibling (or a descendant of any of these), who’s under 13, lives in your home for over half the year and doesn’t provide over half of his or her own support for the year.Read More

UPCOMING WEBINAR: The American Rescue Plan Act – Register Today!

On Thursday, March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA), a massive $1.9 trillion legislative package intended to address the extraordinary impact of the coronavirus pandemic over the past year.  ARPA includes provisions on aid to state and local governments, hard-hit industries and communities, tax changes affecting individuals and businesses, and more.

Join Bob Simpson and Kristen McCabe in their 20th webinar on Wednesday, March 24, to discuss the bill’s critical components and answer any questions you have on this new legislation.

Topics will include

  • An overview of The American Rescue Plan Act of 2021
  • ERC and PPP Update
  • The Restaurant Revitalization Fund (RRF)
  • Q&A


The creation of the RRF will be a catalyst to reviving restaurants and saving jobs across the country. … Read More

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