Blog Posts

Key 941 Changes

As we round out the second quarter, which has been an interesting quarter to say the least, you or your payroll provider will be looking at a new quarterly Form 941 to report your federal payroll taxes

June 30, 2020

PPP Changes: The PPP Flexibility Act

In an effort to amend the widely criticized paycheck protection program within the CARES Act, the House & Senate have agreed upon some favorable changes noted as the “Paycheck Protection Program Flexibility Act of 2020”. Loan Maturity has

June 4, 2020

SBA Releases New FAQ Regarding PPP

The SBA recently released question #46 in the frequently asked questions in regards to PPP. Loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the

May 13, 2020

Accounting for the Payroll Protection Program Loan

As we maneuver through these unprecedented times and move through the government’s new Acts and Programs established for the Coronavirus Pandemic, questions have arisen on how to account for this funding. The funding has begun to

May 4, 2020

CARES Act, Part II: How to Prepare

The Federal Government is set to implement legislation that would allow more money to flow once again to small businesses affected by COVID-19--$322 billion more including $60 billion set aside for smaller lenders like community banks and

April 24, 2020