COVID-19 Resource Center

Comprehensive Resources

FOR YOUR BUSINESS

The impact of COVID-19 has sent shockwaves through our community. The constant flow of updates from Washington DC and local government agencies has been moving at lightning speed. To make it easy to find the information most relevant to the continued vitality of your business, Klatzkin has compiled a list of essential resources below. The information is from several resources and includes insights from our firm leaders from a variety of disciplines. Be assured, we are monitoring the changes and will continue to update regularly.

Disclaimer: All content provided is current as of date issued and is subject to change.

COVID-19 Tax Incentives & Planning

US Companies Exempt from BOI Reporting

May 26, 2025

In Summary The most significant change, outlined in the interim final rule, is the removal of the BOI reporting requirement for all U.S. persons and...

Interest Rates to Stay the Same for Third Quarter of 2025

May 15, 2025

In May 2025, the IRS announced that interest rates will remain the same for the third quarter of 2025, which begins July 1, 2025. The rates will...

IRS Updates ERC Income Tax Guidance

Apr 14, 2025

In Summary The IRS confirmed that the ERC refund amount must reduce the wage expense on the income tax return for the year the qualified wages were...