UPDATED March 15, 2021 to reflect additional guidance and the ARPA Act of 2021 Under the Consolidated Appropriations Act, 2021, the employee retention credit, a provision of the CARES Act,...
FAQs on PPP Loan Forgiveness Issued by SBA with Some Surprises on Shareholder-Employee Payroll Costs The Small Business Administration (SBA), in consultation with the Department of the...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for...
UPDATED: On May 13th, the Treasury and SBA have released favorable guidance for the PPP economic need certification. They have also clarified that an employer that applied for a PPP...
IMPORTANT NOTE: The PPP program is now replenished for round two. We encourage all eligible small businesses to apply now through their financial institution or through an online lender...
One of the many challenges of operating a not-for-profit organization during the coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are...
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This...
The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel coronavirus (COVID-19) crisis....