by Michael Franskoviak | Feb 9, 2023 | COVID19, Educational, Information, IRS
How to Communicate with the IRS in a Post-Pandemic Environment Every American has felt the long reach of the COVID-19 pandemic in their lives. From banking to grocery shopping, safety concerns to supply chain disruptions, the pandemic has changed our...
by Mike Franskoviak | Oct 8, 2020 | COVID19, Important Tax Dates, IRS, Small Business, tax filing, tax planning
In the six months since the PPP was created, the only certainty about the program has been uncertainty. The Paycheck Protection Program came into being due to the economic uncertainty which shut down much of the US economy. So far, the program has funded 5.2 million...
by Michael Franskoviak | Sep 4, 2020 | Coronavirus, COVID19, Government, Important Tax Dates, Information, IRS, Tax Deadlines, tax deductions, tax filing, tax laws, tax planning, taxes
The Executive Order for Payroll Tax Deferral The Executive Memorandum signed by the President August 8, 2020, providing for the deferment of some payroll taxes. This was followed by Internal Revenue Service Notice 2020-65 which offered some clarity on provisions of...
by Michael Franskoviak | Aug 19, 2020 | Coronavirus, COVID19, Small Business, tax filing, tax planning
You’ve Received a PPP Loan, Now What? By now most of you have received PPP loans and many of you have spent the PPP money. Now it is time to start planning and working on the loan-forgiveness application process and procedure. This newsletter will give...
by Michael Franskoviak | Jun 5, 2020 | Coronavirus, COVID19, Government, Information, tax filing, tax planning, taxes
Many of our clients for whom we facilitated PPP loans appropriated by the CARES Act have been very concerned about the restrictive nature of the forgiveness provisions. Passage of the Paycheck Protection Program Flexibility Act of 2020 (HR 7010) on June 3, 2020, by...
by Michael Franskoviak | Apr 17, 2020 | Coronavirus, COVID19, Government, Information, IRS, Small Business
Update on The Paycheck Protection Loan SBA Program As of yesterday, April 16th, 2020 the SBA has run out of money for funding of the Paycheck Protection Forgive able loan program and is not taking further applications. In addition, the SBA have stopped taking...
