News & Events

Greater Access to Credit for Nonprofits Through Main Street Lending Program

The Federal Reserve Board has modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations, such as educational institutions, hospitals,…

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IRS Issues Guidelines On How To Report Coronavirus Paid Sick Leave, Family Leave

Late last week, the IRS issued guidance to employers  on how to report coronavirus paid leave and family leave for wages paid to employees under…

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House Vote Officially Extends PPP Application Deadline to August 8, 2020

UPDATE: 7/3/2020 – President Trump has signed this legislation. The application deadline for PPP loans has been extended to August 8, 2020. Last night, the…

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Senate Approves 5-week PPP Extension

UPDATE: 7/2/2020: The House of Representatives has also passed this legislation. It now heads to President Trump’s desk for signature. Just a few hours before…

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IRS Will Not Extend Federal Tax, Payment Deadlines Again

Late yesterday, the IRS announced that it will not further postpone federal tax filing and payment deadlines beyond July 15. You’ll remember that most tax…

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New PPP Loan Forgiveness Applications Are Here

The SBA has released a revised loan forgiveness application for the Paycheck Protection Program (PPP) as well as a new EZ application for the forgiveness…

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PPP Flexibility Act of 2020 Passes House and Senate

PPP Forgiveness Changes as Congress Passes PPP Flexibility Act of 2020

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HSA Contribution Limits Increase for 2021

The IRS has announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under…

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Answers to FAQs RE: Stimulus Checks

The IRS has released answers to a list of commonly asked questions regarding Economic Impact Payments (a.k.a. “stimulus checks”). This includes instructions on how to…

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House Approves Bill to Replenish PPP

The House of Representatives overwhelmingly approved a bill that passed the Senate earlier this week that replenishes funds to the Paycheck Protection Program (PPP) and…

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