Overwhelmed with the constant barrage of PPP Loan Forgiveness info and worried that you will miss something important? Join our live Zoom meeting on June 2.
SBA issued another interim final rule to help PPP borrowers with loan forgiveness applications, help PPP lenders making loan forgiveness decisions, and share the SBA process for reviewing PPP loan and forgiveness applications.
Retroactive tax-relief measures under the CARES Act may open up amended return opportunities to recover taxes paid in prior years. Should you or your business file an amended federal income tax return?
The CARES Act contains provisions that encourage charitable giving, including a new above-the-line deduction of up to $300 for charitable contributions by non-itemizing individuals in 2020.
The release by the SBA of the PPP forgiveness form for borrowers brought significant changes to the interpretation of some of the components of forgiveness.
The U.S. Small Business Administration and The U.S. Department of the Treasury have released the
Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions.
IRS grants employees the ability to make midyear changes to some employer-sponsored health coverage, health flexible spending arrangements (FSAs), and dependent care assistance programs.
The SBA and Treasury have announced that borrowers with an original principal amount less than $2 million “will be deemed to have made the required certification concerning the necessity of the loan request in good faith.”
The CARES Act suspended the 2020 RMD requirement for defined contribution plans . What are the options for required minimum distributions taken before the CARES Act was enacted?
Eight steps for small and medium-sized business owners to consider in managing coronavirus-related business risk during a global economic shutdown.
The IRS has provided guidance on how loan forgiveness will work for the $659 billion in Paycheck Protection Program (PPP) loans from the two allocations made by Congress to the Small Business Administration (SBA).
Congress passed the Paycheck Protection Program and Health Care Enhancement Act, providing an additional $484 billion of coronavirus relief.
The CARES Act provides Coronavirus-related exception to early withdrawal penalty and halts required minimum distribution requirement for 2020.
The IRS has announced additional tax deadline extensions that generally apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.
The IRS expects to create a portal later this month or in early May to let people update their direct deposit information and check on the status of their payment. This will allow taxpayers to receive payments immediately as opposed to checks in the mail.
The SBA and Treasury Department continue to tweak and clarify information in the initial documentation that was released regarding the Paycheck Protection Program.
The CARES Act relaxes NOL and excess business loss rules, increases business interest deduction limit and corrects asset life of Qualified Improvement Property.
The CARES Act includes provisions for $300 charitable contribution deduction & student loan repayments made on behalf of employee by employer up to $5,250.
Eligible individuals will receive rebate payments ($1,200 to individuals and $2,400 to married filing jointly) via direct deposit or check if they filed a tax return or received social security payments in 2018 or 2019.