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SBA Releases Updates On PPP Forgiveness

June 19, 2020 Slattery & Holman, P.C.

This week, the Small Business Administration (SBA) and the U.S. Department of the Treasury released new information for recipients of loans through the Paycheck Protection Program (PPP). A recent article

Senate Passes Paycheck Protection Flexibility Act

June 04, 2020 Slattery & Holman, P.C.

On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This new legislation makes key adjustments to the timeline for spending Paycheck Protection Program (PPP)

Important Tax Due Dates – June & July 2020

May 27, 2020 Slattery & Holman, P.C.

July 2020 Individual Due Dates July 15 – Pay Federal Estimated Taxes for Both Q1 and Q2 2020 Individuals who are not paying their annual income tax through withholding should make quarterly

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Employee Spotlight – Tatiana Sims

May 22, 2020 Slattery & Holman, P.C.

Tatiana Sims, CPA started her professional career with the Slattery & Holman team in 2014. As a senior accountant, Tatiana provides expertise in accounting, tax, and general consulting services concentrated,

SBA Releases Application for PPP Loan Forgiveness

May 19, 2020 Slattery & Holman, P.C.

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 Slattery & Holman, P.C.

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 Slattery & Holman, P.C.

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 Slattery & Holman, P.C.

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 Slattery & Holman, P.C.

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 Slattery & Holman, P.C.

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