News & Events

Guidance Issued on How to Appeal PPP Loan Forgiveness Rejection Letter

If you applied for PPP loan forgiveness and were denied, don’t despair just yet. The U.S. Small Business Administration and the Treasury Department have issued…

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Guidance Issued on Payroll Tax Deferral

After much anticipation, the IRS issued a notice late on Friday providing guidance on the payroll tax deferral that was ordered by President Trump in…

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Executive Order Delays Payroll Tax Payments

President Donald Trump issued four memoranda on Saturday to extend relief during the coronavirus pandemic. Most important to businesses and employees is an executive order…

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FAQs Regarding PPP Forgiveness Released by Treasury, SBA

Together with Treasury, the SBA released guidance yesterday answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program loans. The 10-page document can…

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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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