Blog

SBA Releases Application for PPP Loan Forgiveness

May 19, 2020 Taylor Romweber

On Friday, May 15, the Small Business Administration (SBA) announced an important release for borrowers who received loans through the Paycheck Protection Program (PPP). The bureau made public a form

Tax Credit Pays for Keeping Employees on Payroll

May 18, 2020 Taylor Romweber

To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to all qualifying employers regardless of size, including

Congress Makes Charitable Giving Easier During the COVID-19 Crisis

May 18, 2020 Taylor Romweber

To encourage charitable contributions to deserving qualified charities during these trying times, Congress has relaxed some of its restrictions related to how much a taxpayer can deduct as a charitable

Employers Can Defer Payroll Taxes

May 18, 2020 Taylor Romweber

One of the benefits included in the COVID-19 epidemic stimulus package is the ability of an employer to defer payment of the employer's share of certain federal payroll taxes. The

Did You Take Your 2020 RMD Too Soon?

May 18, 2020 Taylor Romweber

As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans has been waived for 2020. This is primarily due

Achieving PPP Loan Forgiveness

April 24, 2020 Taylor Romweber

Businesses that have managed to secure financing through the Paycheck Protection Program (PPP) are fortunate, but still face deciphering the ambiguous definitions and requirements for determining loan forgiveness. Owners and

Where’s My Recovery Rebate?

April 16, 2020 Taylor Romweber

To Our Clients and Friends, As part of the recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act, direct economic recovery payments are being distributed to eligible American taxpayers. Distribution of

Watch Out for Coronavirus-Related Scams

April 09, 2020 Taylor Romweber

On Thursday, April 2, the Internal Revenue Service (IRS) issued a warning concerning the development of new scams related to the coronavirus, particularly the recovery rebates legislated by the CARES

CARES Act FAQ: Recovery Rebate

April 09, 2020 Taylor Romweber

On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an estimated $300 billion in direct payments to

CARES FAQ: Paycheck Protection Program & Economic Injury Disaster Loan

April 06, 2020 Taylor Romweber

To Our Clients and Friends, On March 27^th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes $10 billion in funding