Tag: paycheck protection program

Payroll Tax Deferral FAQs
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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State Reaction to CARES Act
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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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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Signing Document
Changes Coming to PPP Loan Periods & Forgiveness

A new PPP bill is expected to pass that will extend covered periods and forgiveness…

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PPP Loan Considerations
PPP Loan Considerations and Accounting-Related Issues

Unforeseen consequences may result should companies fail to ensure eligibility under PPP, properly calculate eligible…

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CARES Act Deductions for PPP Expenditures
IRS Clarifies Tax Deduction Eligibility for PPP Expenditures

IRS issued guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible…

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Federal Relief Programs for Businesses
Summary of Federal Relief Available to Businesses of All Sizes

Federal relief available to small, mid-size and large businesses due to COVID-19, including the CARES…

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Government Assistance Programs
Leveraging COVID-19 Relief Opportunities: Ready for Scrutiny?

There are critical considerations to ensure government assistance is viable and worthwhile for your organization,…

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