by Sheri Hart | Jun 5, 2020 | Business Strategy, Financial Planning, Non-Profit, Payroll, Small Business, Tax
In some welcome news, the Senate passed the House Bill to provide enhanced and, in many cases, more lenient guidelines for PPP loan forgiveness. As soon as the President signs The Paycheck Protection Flexibility Act, borrowers will be able to adjust their plans and...
by Doug Kook | May 28, 2020 | Business Strategy, Financial Planning, Non-Profit, Payroll, Small Business
With the release of the PPP Loan Forgiveness Application and related guidance, we now have some needed clarification – and yet are left with many unanswered questions. The rules continue to evolve as the 8-week coverage period approaches the finish line for...
by Sheri Hart | May 6, 2020 | Business Strategy, Financial Planning, Non-Profit, Payroll, Small Business
Because the regulatory requirements surrounding the Payroll Protection Program (PPP) Loans are continuing to change, we feel it is crucial to update you on some recent developments: Employers looking to rehire employees that have been receiving unemployment...
by Sheri Hart | Apr 15, 2020 | Business Strategy, Financial Planning, Payroll, Quickbooks & Bookeeping, Small Business, Tax
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the coronavirus (COVID-19) pandemic. The two laws are the Families...
by Sheri Hart | Mar 31, 2020 | Community, Financial Planning, Payroll, Small Business, Tax
On March 27, another coronavirus (COVID-19) bill was signed into law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention...
by Sheri Hart | Mar 23, 2020 | Business Strategy, Community, Financial Planning, Non-Profit, Payroll, Small Business, Tax, Uncategorized
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing taxpayers to defer any amount of federal...