Client Login Contact
Innovative Entrepreneurial Experienced

Tag: CARES Act

Coronavirus Relief Package: Tax Aspects Of The CARES Act

Mar 26, 2020
Forbes has posted a very thorough, insightful article written by Senior Contributor Tony Nitti on the tax aspects of the new CARES Act. See highlights below: "...In addition to providing a large cash…

SBA rolling out significant financial assistance with EIDL and PPP

Apr 02, 2020
Vermont Business Magazine, 4/1/2020 - The Small Business Administration is rolling out two financing programs to help small businesses. The Paycheck Protection Program and the Economic Injury Disaster…

IRS: Economic Impact Payments being sent by prepaid debit cards, arrive in plain envelope

May 28, 2020
News from the IRS: IR-2020-105, May 27, 2020 WASHINGTON – As Economic Impact Payments continue to be successfully delivered, the Internal Revenue Service today reminds taxpayers that some payments are…

The CARES Act PPP: Frequently Asked Questions

Apr 01, 2020
The following is an UPDATED summary of the Paycheck Protection Program as of April 8, 2020: On March 31, 2020, the Department of Treasury released the Paycheck Protection Program application and updated…

Summary of Tax Provisions within the CARES Act

Mar 31, 2020
As COVID-19 continues to upend nearly every aspect of life in the United States, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to get funds out to individuals. Following…

Paycheck Protection Program Update for 4/3/2020

Apr 03, 2020
Last night the SBA issued their interim final rule with regard to the loan submission process. Today in our daily update we want to share with you our takeaways from this document. 1. The rate has increased…

Paycheck Protection Program Update for 4/6/2020

Apr 06, 2020
Although there has been a lot of discussions and attempts to interpret some of the guidance issued late last Thursday from the SBA, there has not been a lot of clarification for the program. Our impression…

Paycheck Protection Update for 4/8/2020

Apr 08, 2020
The Small Business Administration issued FAQs on April 6 in response to demands from banks and borrowers to provide greater clarity as to what information is required for purposes of obtaining a Paycheck…

Paycheck Protection Update for 4/24/2020

Apr 24, 2020
With yesterday's Congressional approval for an additional $310 billion in Paycheck Protection Program (PPP) loans we are once again initiating our daily blog. As you read below, please keep in mind that…

AICPA Urges SBA to Release Guidance for PPP Loan Forgiveness

May 06, 2020
The American Institute of Certified Public Accountants (AICPA) is urging the Treasury Department and the U.S. Small Business Administration (SBA) to release key guidance on Paycheck Protection Program…