Davis Brown Tax Law Blog

The Davis Brown Tax Law Blog provides clients with updates and analysis of tax law - including asset and stock purchase/sale transactions, public and private bond financing, tax credit financing and international tax law.

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PPP Loan Applications Reopen January 11 - January 11, 2021

The Small Business Administration announced plans to reopen Paycheck Protection Program loan applications starting with community financial institutions on January 11. Read More »

New Law Extends and Changes PPP - December 29, 2020

The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Ventures Act has an additional $284 billion set aside for a new round of PPP loans. Read More »

Changes to Flexible Spending Accounts in New Law - December 28, 2020

The legislation signed into law by President Trump on December 27 makes temporary changes to rules governing health and dependent care flexible spending accounts. Read More »

Trump's Payroll Tax Deferral - What Should Employers Do? - September 2, 2020

Recent IRS guidance answers some questions about the payroll tax deferral option, but employers still have uncertainty. Read More »

Retirement Plan Amendments During COVID-19 - July 9, 2020

Employers may reduce or eliminate retirement plan contributions in the face of COVID-19 economic struggles, but should they? Read More »

PPP Extended Through August 8 - July 6, 2020

Borrowers may apply for PPP funds through August 8, an extension of the program which was set to expire on June 30. Read More »

Miscellaneous Tax Changes in HF2641 - June 29, 2020

The Iowa Legislature passed a bill that made several changes to Iowa tax laws. This post highlights several miscellaneous changes that became effective immediately. Read More »

Iowa Law Changes Affecting 529 Plan Accounts - June 26, 2020

New Iowa law permits 529 plan withdrawals for apprenticeship expenses and limited repayment of education loans, extends the date for 2019 tax year 529 plan contributions, and excludes from income refunds of qualified higher education expenses re-contributed to a 529 plan. Read More »

Iowa Reinvestment Act Rejuvenated - June 25, 2020

Under the Iowa Reinvestment Act, municipalities may apply to the Iowa Economic Development Authority to establish a reinvestment district and receive tax-generated funds for large-scale development projects. Read More »

IRS Clarifies Retirement Account Changes from the CARES Act - June 25, 2020

The CARES Act made some significant changes to retirement accounts, this week the IRS published two notices that provide further guidance and clarification on what this means for employers and participants. Read More »

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