Coronavirus Resource Page
Congress Enacts Additional Stimulus Legislation
On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in coronavirus stimulus spending.
Beware of COVID-Related Text Scams
On Wednesday, November 4, the Internal Revenue Service (IRS) released a warning about a new text scam involving a $1,200 Economic Impact Payment.
SBA Clarifies Due Date of PPP Forgiveness Applications
On October 13, the U.S. Small Business Administration (SBA) released clarifying guidance regarding the due date of forgiveness applications for loans issued via the Paycheck Protection Program (PPP). A recent article from the Journal of Accountancy offers an overview of the controversy surrounding the issue.
SBA and Treasury Release New PPP Waiver
On October 8, the U.S. Small Business Administration (SBA) and the Treasury announced the release of a simplified forgiveness process for Paycheck Protection Program (PPP) participants that received loans of $50,000 or less.
SBA Releases Updates On PPP Forgiveness
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 from the Journal of Accountancy offers helpful details on the revised loan forgiveness application, the new EZ application, and the new interim final rule on calculating compensation for loan forgiveness.
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Senate Passes Paycheck Protection Flexibility Act
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) funds and revises how loan recipients are required to allocate the money.
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SBA Releases Application for PPP Loan Forgiveness
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 and instructions for borrowers to use to apply for PPP loan forgiveness.
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Achieving PPP Loan Forgiveness
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. Read More »
Where’s My Recovery Rebate?
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. Read More »
Watch Out for Coronavirus-Related Scams
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 Act. Read More »
CARES Act FAQ: Recovery Rebate
We address some of the common questions regarding the recovery rebate. Read More »
CARES Act FAQ: Emergency Economic Injury Grants
We address some of the common questions regarding the Emergency Economic Injury Grants. Read More »
CARES Act FAQ: Retirement Plan Withdrawals
We address some of the common questions regarding Retirement Plan Withdrawals. Read More »
COVID-19 Scenarios and Benefits Available
The information on this flier is meant to give a general picture of benefits and rights available in certain COVID-19 work-related situations. Read More »
Updated State of Affairs, Tax and Compliance Changes
It is our hope that you are healthy and safe as the Coronavirus continues to impact our lives in extraordinary ways. Read More »
Do I Qualify for Paid Sick Leave Under the New Coronavirus Act?
On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, the Families First Coronavirus Response Act. Read More »
What Does Paid Sick Leave Mean for My Organization?
On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, the Families First Coronavirus Response Act. Read More »
8 Areas Where Small Businesses Should Anticipate Disruption
For more than six decades, the U.S. Small Business Administration (SBA) has been a resource for small business owners and entrepreneurs in the U.S. Read More »
Charting New Territory: Business Strategy During the COVID-19 Outbreak
As the COVID-19 pandemic continues to unfold, business owners are facing a lot of uncertainty. It is not possible to know with confidence how events will continue to evolve over the next days, weeks, and months. Read More »
Coronavirus Disaster Assistance
The U.S. Small Business Administration (SBA), which has been a resource for small business owners and entrepreneurs in the U.S. since 1953, recently released a list of disaster-relief measures Read More »
A Letter to Our Clients
As we continue to monitor the ongoing developments of the Coronavirus (COVID-19), we want to reach out to you now that we have more information about the challenges facing us during this global pandemic. Read More »