The gift tax filing and payment deadlines have been extended to July 15
You may have heard that the federal income tax filing and payment deadline has been extended from April 15, 2020, to July 15, 2020, to provide relief for taxpayers adversely affected by the coronavirus (COVID-19) pandemic.
Paycheck Protection Program
Late Thursday, April 2, the Treasury and SBA issued an Interim Final Rule that included 31 pages of additional information about the program.
IRS guidance on payroll tax credits
IRS released the below Frequently Asked Questions (FAQs), and provided a new Form 7200 for employers to apply for a refund of their credits in excess of their payroll tax deposits.
Using your financial statements during an economic crisis
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information you need to make rational, reasonable moves is your financial statements. Under U.S.
FFCRA goes into effect today + Employee Rights Notice
The Department of Labor (DOL) has continued to update its Families First Coronavirus Response Act Questions and Answers to provide more guidance on the emergency paid sick leave and expanded family and medical
Small business loan options related to COVID-19
Last Updated 4/1/2020 All affected businesses with under 500 employees will be eligible for the below programs:
CARES Act offers new hope for cash-strapped nonprofits
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your not-for-profit organization? It depends on your group’s size, financial condition and other factors.
CARES Act - Retirement Plan Provisions
Many new provisions for participants to access their vested account balances in employer-sponsored retirement plans are included in the recently enacted CARES Act. A summary of these provisions include:
