Category Archives: Uncategorized

Wisconsin Disallows PPP Loan Related Deductions

Posted on Jan 18, 2021 by

The Act provides that if a taxpayer’s earned income for 2020 is less than the earned income for 2019, the taxpayer may elect to use their 2019 earned income to compute the 2020 federal earned income tax credit (see sec. 211 of Division EE of Public Law 116-260). Taxpayers must use their 2020 income to compute the Wisconsin earned income tax credit. Therefore, if a taxpayer elects to use their 2019 earned income to compute their 2020 federal earned income tax credit, they must recompute the federal earned income tax credit using their 2020 earned income amount for Wisconsin purposes.

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Consolidated Appropriations Act, 2021

Posted on Dec 28, 2020 by

Late in the day on December 20, 2020, leaders in Congress announced that they had reached an agreement on a new round of relief for the ongoing COVID-19 pandemic and economic stimulus. The Consolidated Appropriations Act, 2021 finally took shape after several days of negotiations between the Democrats and GOP on Capitol Hill.

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Welcome!

Posted on May 9, 2016 by

Welcome to the new Batley CPA, LLC website! We hope you’ll find our content informative and helpful. We’ll use this “What’s New” section to post comments and insights about proposed or signed legislation, activities of taxing agencies, news from our organization, and other information that may impact your financial matters. If you have comments, questions, […]

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