February 22, 2021 As part of the COVID-Related Tax Relief Act of 2020 (the Act) signed into law on December 27, 2020, the tax credits for paid sick and family leave have been modified and extended. Click above to learn more
July 29, 2020 The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click above to learn more.
June 30, 2020 The SBA has continued to provide updated guidance based on new legislation and to address many of the questions and concerns Borrowers have as they move closer to applying for loan forgiveness. Click above to learn more.
June 10, 2020 On June 5, 2020 President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) to make it easier for borrowers to qualify for forgiveness. Click above to learn more.
May 15, 2020 The SBA and Treasury Department recently updated their FAQs to indicate how they would assess the applicant’s good faith certification, and to extend the deadline for repayment. Click above to learn more.
May 5, 2020 Additional information and guidance related to the Paycheck Protection Program was recently released. Click above to learn more about the additional round of funding allocated for PPP Loans.
May 1, 2020 It’s been six weeks since much of life as we know it changed drastically. Many NFP organizations have been forced to shut down, while others are able to still operate at a lesser capacity. Click above to learn more about the impact of COVID-19.
April 16, 2020 Over the past few days both the IRS and Small Business Administration released additional guidance to help taxpayers navigate the current COVID-19 crisis. Click above for additional information available for both individuals and businesses.
April 10, 2020
On April 9, 2020, the IRS released Notice 2020-23, which is an update to Notice 2020-18, Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. This notice provides additional relief to any relief previously granted.
April 3, 2020
As part of the CARES Act, the Small Business Administration (SBA) is charged with administering the Payroll Protection Plan (PPP). Click above to access the revised loan application and fact sheet for borrowers and lenders.
April 2, 2020
The CARES Act provides provisions for a new coronavirus related distribution, repayment of distributions, increased loan limits, extended loan repayment periods and waiver of the 10% early distribution penalty. Click above to find out more.
March 30, 2020
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”), a massive $2 trillion piece of legislation intended to address the extraordinary impact of the coronavirus (COVID-19) pandemic.
March 27, 2020
On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (the “Act”), which is one of many pieces of legislation that will address the various impacts of the COVID-19 pandemic.
March 26, 2020
Many disruptions and changes will continue due to the COVID-19 crisis. To help answer questions regarding challenges associated with 401(k) safe harbor contributions, we prepared a question and answer resource.
March 25, 2020
Just days after issuing guidance deferring the payment of certain tax obligations but maintaining the April 15 tax filing deadline, the IRS has changed course and announced in Notice 2020-18 that it is indeed extending the April 15 tax filing deadline.
March 19, 2020
The COVID19 reports by all government authorities state that the key to slowing the spread of the virus is social distancing. We are implementing precautionary measures to promote the safety and health of our personnel.