Tag: CARES Act
SBA Changes PPP Forgiveness Rules for 5% Owner-Employees of Corporations & for Certain Nonpayroll Costs
The SBA issued an Interim Final Rule that sets a de minimis rule for Paycheck Protection…
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IRS Addresses President’s Executive Order on Payroll Tax Deferral
The IRS provided some needed guidance for employers wondering whether and how to comply with…
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IRS Adds New FAQs on CARES Act Payroll Tax Deferrals
The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus…
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IRS Extends Relief for 2020 RMD Waivers and Rollovers
IRS extended the deadline for retirement plan participants to return an unwanted RMD to their…
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State Legislative & Administrative Reactions to the CARES Act
Some CARES Act provisions that states have decoupled from include the increased business interest expense…
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Looking to Boost Liquidity? Consider Changing Your Accounting Method
As businesses across all industries look for ways to reduce costs and increase liquidity, unique…
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Workforce Reductions and the Impacts to Company Retirement Plans
While furloughs and layoffs have a significant and immediate impact on a company’s operations, plan…
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FAQ Updates for Employee Retention Credit & Payroll Tax Deferrals
The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC)…
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Five Things PPP Borrowers Need to Do Now
Borrowers of PPP loans should consider taking the following steps to maximize the amount and…
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Paycheck Protection Program Loan Forgiveness Simplified
Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the CARES Act…
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