COVID-19
Dentists Have Until July 24 To Apply For Relief Fund Payments
Dentists who were previously ineligible can now apply for Provider Relief Fund payments from the Department of Health and Human Services.
The Big Pivot to Work-From-Home
Join us for The Big Pivot to Work-From-Home webinar with ImageQuest on June 24 to learn more about cloud solutions that enable improved recruiting and retention, increased security, and potential cost savings.
PPP Flexibility Act To Help With Obtaining Loan Forgiveness
Highlights of the Paycheck Protection Program Flexibility Act of 2020, signed into law on Friday, June 5.
PPP Loan Forgiveness: Live Update on June 2
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 Issues New Guidance On PPP Loan Forgiveness
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.
CARES Act Provides 4 Possible Reasons to File an Amended Return
Retroactive tax-relief measures under the CARES Act may open up amended return opportunities to recover taxes paid in prior years.
COVID-19 Relief: New Rules for Deducting Charitable Contributions
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.
Significant Changes To PPP With Release of Forgiveness Form
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.
PPP Loan Forgiveness Application and AICPA Recommendations
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 Midyear Changes to Health, Dependent Care, Flex Spending Accounts
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.
SBA Grants Safe Harbor to Borrowers with PPP Loans Less than $2 Million
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.”
CARES Act: New Considerations For 2020 Required Minimum Distributions
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?
Managing Coronavirus-Related Business Risk
Eight steps for business owners to consider in managing coronavirus-related business risk during a global economic shutdown.
IRS Releases Guidance on PPP Loan Forgiveness
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).
NEW: Paycheck Protection Program and Health Care Enhancement Act
Congress passed the Paycheck Protection Program and Health Care Enhancement Act, providing an additional $484 billion of coronavirus relief.
CARES Act: Retirement and Pension Plan Provisions
The CARES Act provides Coronavirus-related exception to early withdrawal penalty and halts required minimum distribution requirement for 2020.
Additional Tax Deadline Changes
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.
Economic Impact Payments: What You Need To Know
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.