Tag: COVID-19

Strategic Tax Advisory
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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FFCRA Reporting
Employer Reporting for Qualified Sick and Family Leave Wages Paid Under FFCRA

Employers are required to report the amount of qualified sick leave wages and qualified family…

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Company Retirement Plans
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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Main Street Lending Updates
Main Street Lending Program Updates, Compensation Restrictions

The Main Street Lending Program will now begin purchases of 95% participation stakes in eligible…

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Employee Retention Credit FAQ
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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PPP Borrowers: Five Steps
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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Simplified Paycheck Protection Loan Forgiveness
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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Partial Plan Termination
What Plan Sponsors Need to Know About Layoffs and Partial Plan Termination

While downsizing the workforce can help companies remain afloat, plan sponsors need to understand how…

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Dallas City Skyline
Main Street Lending Program Opening, Terms for Nonprofits Released

The Federal Reserve Bank of Boston announced that the Main Street Lending Program is OPEN…

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Family Wealth Planning
Family Wealth Planning in a Time of Uncertainty

The current federal estate, gift, and generation-skipping transfer (GST) tax exemption is $11.58 million per…

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