As we continue to navigate the challenges presented by COVID-19, and its impact on the Remodeling Industry, we continue to provide you with resources, support, and tools to help you weather these unprecedented times, so you can thrive in the recovery period and years to come.
Be sure to bookmark and visit this page often as we add to it regularly.
IRS Issues Guidance Holding That Notice 2020-32 and Revenue Ruling 2020-27 Are Obsolete
Revenue Ruling 2021-2 obsoletes IRS Notice 2020-32 and Revenue Ruling 2020-27, which provided that taxpayers could not deduct otherwise deductible business expenses that were paid with forgiven or forgivable PPP loans. Revenue Ruling 2021-2 holds that the conclusion stated in Notice 2020-32 and the holding of Revenue Ruling 2020-27 are no longer accurate statements of the law after passage of section 276(a) of the COVID-related Tax Relief Act of 2020. Revenue Ruling 2021-02 will be published in Internal Revenue Bulletin 2021-04, dated January 25, 2021.
U.S. Department of Labor Reminds Specific Employers to Submit Required 2020 Injury and Illness Data by March 2, 2021
The Occupational Safety and Health Administration (OSHA) issued a press release
this morning reminding employers that the agency will begin collecting calendar year 2020 Form 300A data on Jan. 2, 2021. Employers must submit the form electronically by March 2, 2021.
Electronic submissions are required by establishments with 250 or more employees currently required to keep OSHA injury and illness records, and establishments with 20-249 employees classified in specific industries
with historically high rates of occupational injuries and illnesses.
Visit the Injury Tracking Application Electronic Submission of Injury and Illness Records to OSHA
for more information and a link to the Injury Tracking Application.
Protect Your Home from COVID-19
Source: Centers for Disease Control and Prevention
COVID-19 can spread anywhere – even places where you feel safe, like your home. If one person in your household gets COVID-19, it can spread to others in your home. If your household includes one or more people who are more likely to get very sick from COVID-19, then all household members should act as if they are more likely to get very sick. Consider wearing masks in shared spaces around others in your home. In shared spaces, stay about 2 arm lengths apart, wash your hands often using soap and water for at least 20 seconds, and monitor your health daily.
Learn More about Respiratory Protection and its Role in the COVID-19 Pandemic
A new webinar developed by the Region VI OSHA Training Institute Education Centers offers guidance on the proper implementation of a respiratory protection program and its relationship to the current pandemic. The webinar is intended to raise awareness among both employers and workers about the hazards of COVID-19 and the need and proper use of respiratory protection.
The video is free of charge and is now available! For more information and to register to receive the video link, please click the register button below.