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SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000

May 26, 2021 Slattery & Holman, P.C.

As U.S. businesses continue to recover from COVID-19’s economic devastation, the U.S. Small Business Administration (SBA) is expanding loan opportunities. The agency announced that beginning in April, nonprofits and small

New Tax Credit Covers Paid Leave for COVID-19 Vaccinations and Recovery

April 27, 2021 Slattery & Holman, P.C.

The American Rescue Plan Act (ARP) expands the tax credits available under the Families First Coronavirus Response Act (FFCRP). The ARP Act does not mandate that employers provide paid family

SBA Announces Changes to COVID-19 EIDL Loans

March 26, 2021 Slattery & Holman, P.C.

The U.S. Small Business Administration (SBA) recently announced a major update to the COVID-19 Economic Injury Disaster Loan (EIDL) program. As of the week of April 6, 2021, the maximum

IRS Announces Individual Tax Deadline Extension

March 18, 2021 Slattery & Holman, P.C.

On Wednesday, March 17, the Internal Revenue Service (IRS), in conjunction with the U.S. Treasury Department, announced an extension of the federal income tax filing due date for individuals. Individual

American Rescue Plan Act

March 12, 2021 Slattery & Holman, P.C.

The American Rescue Plan Act (ARPA) was passed by the Senate on Saturday, March 6 and in the House on Wednesday, March 10. President Biden signed the bill into law

Sold or Thinking of Selling Your Home?

February 19, 2021 Slattery & Holman, P.C.

In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales

Biden’s Proposed COVID Relief Package

February 19, 2021 Slattery & Holman, P.C.

President Biden released his “American Rescue Plan” on January 14. It is a wish list of proposals he wants Congress to enact to address the COVID-19 pandemic and associated economic

Don’t Miss the Opportunity for a Spousal IRA

February 19, 2021 Slattery & Holman, P.C.

One frequently overlooked tax benefit is the spousal IRA. Generally, IRA contributions are only allowed for taxpayers who have compensation (the term "compensation" includes wages, tips, bonuses, professional fees, commissions,

Finally, The COVID Relief Package Is Law

February 19, 2021 Slattery & Holman, P.C.

After several months of the Republicans and Democrats not being able to agree on additional COVID related tax relief and other matters, as 2020 was coming to an end, horses

Key Changes to the Employee Retention Credit

January 12, 2021 Slattery & Holman, P.C.

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A recent article from JD Supra outlines two key provisions included in the act that