President Enacts $484 Billion Virus Aid Bill
On Friday, April 24, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act into law. The new…
Read more
Employee Retention Tax Credits and Your Business
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear…
Should You Return Your PPP Loan?
You have probably read in the news about the backlash that some public companies have experienced as a result of…
IRS Updates FAQ on Employee Retention Credit
On April 29, the Internal Revenue Service (IRS) released a large expansion of their FAQ on the Employee Retention Credit…
IRS Releases Notice Regarding Tax Deductions and PPP Loan Funds
On Thursday, April 30, the IRS released Notice 2020-32. The announcement effectively disallows a tax deduction for any expenses that…
Guidance on Calculating Maximum PPP Loan Amounts
On Friday, April 24, the Small Business Administration (SBA) released additional guidance regarding how various types of businesses should calculate…