COVID Information |
News | 10/09/2020 | COVID Related
Under $50,000 PPP Loan Forgiveness Simplified
October 9, 2020 - A new Interim Final Rule (IFR) issued October 8, 2020 offers additional guidance regarding recipients of the Paycheck Protection Program (PPP) loans with a de minimis forgiveness amount. The Treasury and the U.S.
Thought Leadership E-Articles | 10/01/2020 | COVID Related
Final Regulations for Estates and Non-grantor Trusts
October 1, 2020 - Final regulations for estates and non-grantor trusts were released on September 21, 2020 by the Internal Revenue Service (IRS) providing guidance on deductions. The guidance clarified that certain deductions are not to be…
The Focus - Our Tax E-Newsletter | 09/29/2020 | COVID Related
Beware - PPP Loan Forgiveness is Taxable
September 29, 2020 - The Paycheck Protection Program (PPP), created as part of the Cares Act signed into law on March 27, 2020, has provided loans to many businesses impacted by the COVID-19 pandemic. These loans are forgiven if the…
News | 09/18/2020 | COVID Related
President Issues Memorandum on Deferring Payroll Tax Obligations
September 18, 2020 - President Donald Trump issued the memorandum on August 8, 2020 that will take effect on wages paid starting on September 1, 2020.
News | 08/12/2020 | COVID Related
Paycheck Protection Program Loan Forgiveness: Updated Frequently Asked Questions (FAQs)
August 12, 2020 - The Small Business Administration (SBA) and Treasury issued New Guidance on Paycheck Protection Program (PPP) Loan Forgiveness. This updated guidance is effective as of August 11, 2020 in the form of frequently asked…
Thought Leadership E-Articles | 07/23/2020 | COVID Related
Bridging the Crisis, Organizations Coming Out Stronger
COVID-19 has affected populations and economies around the globe. There is a palpable sense of unease as circumstances change daily. One thing to consider is that many of the world’s best innovations were conceived during the most…
News | 06/05/2020 | COVID Related
Paycheck Protection Flexibility Act of 2020
June 5, 2020 - The Paycheck Protection Flexibility Act of 2020 was passed by the House and Senate and the President signed it into law on June 5, 2020.
News | 05/29/2020 | COVID Related
Beyond the Numbers: An Update from our CEO
May 29, 2020 - To say the last few months have been challenging for all of you is an understatement. Many lives and businesses have been turned upside down.
News | 05/15/2020 | COVID Related
Additional Paycheck Protection Program Loan Proceeds for Partnerships
May 15, 2020 - The rules regarding the Paycheck Protection Program (PPP) loans are continuously being clarified, sometimes changing what was previously thought to be correct. On Wednesday May 13, 2020, The U.S.
News | 05/14/2020 | COVID Related
Paycheck Protection Program Loans - Frequently Asked Questions #46 and #47
May 14, 2020 - The Small Business Administration ("SBA") issued FAQ 46 on May 13, 2020 providing additional guidance on, “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?”
News | 04/27/2020 | COVID Related
Paycheck Protection Program – Round 2
April 27, 2020 - The President signed the Paycheck Protection Program and Health Care Enhancement Act into law on April 24, 2020.
News | 04/22/2020 | COVID Related
Deferment on Payment of Payroll Taxes
April 22, 2020 - You can’t watch the news or read a news article without hearing about the “Coronavirus Aid, Relief, and Economic Security Act” or ”CARES Act”, at least the more publicized parts of it. One relief provision of the CARES…