News & Events

PPP Flexibility Act of 2020 Passes House and Senate

PPP Forgiveness Changes as Congress Passes PPP Flexibility Act of 2020

Read the full news article

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…

Read the full news article

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…

Read the full news article

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…

Read the full news article

Senate Approves Additional Funding For PPP

UPDATE: 4/24/20, 6:04 a.m.: The House of Representatives has passed this bill. It now moves to the president’s desk for signature. A nearly $500 billion…

Read the full news article

Additional Stimulus Funds for Small Businesses Expected Today

An additional $450 billion stimulus deal providing money for small businesses, hospitals, and coronavirus testing is expected to go before a vote today where it…

Read the full news article

Update On Wells Fargo Lending Through Paycheck Protection Program

Wells Fargo will soon begin lending again to small businesses negatively impacted by coronavirus through the federal, forgivable loan program known as the Paycheck Protection…

Read the full news article

Partnerships Can File Amended Returns to Get CARES Act Benefits

The IRS has announced it is allowing partnerships to file an amended partnership return for 2018 or 2019 to take advantage of beneficial tax provisions…

Read the full news article

IRS Waives Failure to Deposit Penalties

The IRS has announced relief from failure to make employment tax deposits to employers entitled to the refundable tax credits provided under the Families First…

Read the full news article

Wells Fargo Backs Out of Paycheck Protection Program

UPDATE: APRIL 10, 2020, 10:30 a.m. Wells Fargo will begin lending to small businesses affected by coronavirus through the federal PPP again. Click here for details.…

Read the full news article