Jun 30, 2020 | Blog Posts
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 to the IRS. There are 18 added lines + an additional worksheet in...
May 13, 2020 | Blog Posts
The Coronavirus Aid, Relief and Economic Security (CARES) Act includes several provisions that give retirement plan participants increased access to assets in their 401(k), 403(b), individual retirement account (IRA) and other qualified retirement accounts. The...
May 13, 2020 | Blog Posts
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 necessity of the loan request in good...
Apr 24, 2020 | Blog Posts
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 credit unions. $60...
Mar 31, 2020 | Blog Posts
The House passed the Senate’s CARES Act yesterday. The Act includes a section related to entrepreneurial development that provides funding to educate small businesses and their employees on resources available during this time: MINORITY BUSINESS DEVELOPMENT...
Mar 31, 2020 | Blog Posts
The House passed the Senate’s CARES Act yesterday. The Act includes a section related to provisions and resources available during this time for taxpayers: CREDIT AGAINST EMPLOYMENT TAXES Receive a credit of Qualified Wages for each quarterLimited to $10,000 per...
Mar 31, 2020 | Blog Posts
The House passed the Senate’s CARES Act today. The Relief for Workers Affected by Coronavirus Act is within the CARES Act and includes important unemployment insurance provisions: PANDEMIC UNEMPLOYMENT ASSISTANCE ELIGIBILITY The law expands the scope of...
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