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 roll out and the clock has started...
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 billion of...
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 AGENCY The...
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...
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...
The House passed the Senate's CARES Act today. The Act includes individual tax relief provisions that we have broken down below: RECOVERY RELIEF Advance rebate against 2020 taxes$1,200 for Individuals; $2,400 for joint, $500 for each child$5 phases out for every...
In the late hours of March 25, 2020 the U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (dubbed the CARES Act), an anxiously awaited bill to help Americans navigate this new COVID-19 induced economic environment. While the bill...
The senate passes the third bill to help the economy with current COVID-19 crisis, but what does it mean for you? Below is a brief summary of the CARES Act. We will be diving into the details today and we will get more information out to you as it becomes available....
Navigating your business through the COVID-19 pandemic can feel as confusing as ever. We have gathered the top resources that may help you sustain your business sustain through the negative effects of COVID-19: Tax Extensions In Philadelphia, the BIRT and NPT...