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 perceptions and the way we exist in the world. While some adjustments were...
Paycheck Protection Program Loan Forgiveness
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...
The Executive Order for Payroll Tax Deferral
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...
You’ve Received a PPP Loan, Now What?
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 you an...
HR 7010 Eases Restrictions of the PPP Loans Created by the CARES Act
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...
Update On The Paycheck Protection Loan Small Business Administration Program
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...
How Do I Get My Stimulus Payment If The IRS Does Not Know My Bank Account Information?
For those of you that need to provide the IRS with information regarding your stimulus check the IRS now has two portals available for you. If you need to update Banking information for Direct Deposit and/or update your address Click Here To Access The Get My Payment...
There’s Money Waiting For You Or Your Business!!
There’s Money Waiting For You Or Your Business!! YOU CAN RELY ON US TO HELP!! We have worked through the various pieces of legislation that have recently passed to help business owners through this difficult period. The following is some of what is available to...
More Business Provisions from the CARES ACT
As a follow up to my prior email communications I have further information to share relating to the small business tax relief as part of the recent CARES ACT that passed last Friday. Payroll Tax Credits – PL 116-127 Families First Coronavirus Response Act was...
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