Not All PPP “Forgivable” Loans Will be Forgiving
Business owners approved for Paycheck Protection Program loans should be wary of the strict requirements for having their âforgivableâ loans actually forgiv
IRS Guidance: PPP Loan Expenses Not Tax-Deductible
Recent IRS guidance states that expenses related to forgivable loans under the Paycheck Protection Program (PPP) will not be tax-deductible.
Video – What the Employee Retention Credit Means to You
Employers eligible for this credit are generally those whose trade or business was curtailed as a result of the COVID-19 outbreak. Learn if you can use this cre
Paycheck Protection Program and Health Care Enhancement Act: What’s In It?
The $484 billion Paycheck Protection Program and Health Care Enhancement Act is a follow-up to the CARES Act that provides funding for PPP, health care, and tes
When Will I Get My Stimulus Check?
The IRS has already sent out 80 million stimulus payments to taxpayers that included their direct deposit information on their most recently filed 2019 or 2018
Tax Credit Pays for Keeping Employees on Payroll
To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to
Businesses Score Big Tax Benefits with the CARES Act
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of
Rebates Are Finally Flowing – Did You Get Yours; Was It Correct?
The IRS has finally started making those much anticipated Economic Impact Payments, aka “Recovery Rebates.” However, not everyone who was expecting
Did You Take Your 2020 RMD Too Soon?
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans has been waived for 2020
Unemployed by COVID-19? Special Benefits May Apply to You
The CARES Act includes Pandemic Unemployment Assistance (PUA) provisions that extend and supplement state-provided unemployment insurance and are intended to le