Latest Covid-19 Updates: Round up of Key Information

This past year has been one of the more challenging we have faced. Going forward, for as long as it’s useful, we will bring you a regular round up of relevant COVID-19 information highlighting what you need to know to manage through this crisis. Click here for key updates. Checklist for SBA PPP Loan Forgiveness […]

Latest COVID-19 Round of Stimulus Checks

The Consolidated Appropriations Act (CAA), signed into law on Dec. 27, provides relief in response to the COVID-19 pandemic with another round of “recovery rebate” payments to individuals.   The new round of stimulus checks will be in varying amounts based upon IRS criteria. Eligible individuals may begin to receive these stimulus payments as early […]

How will the latest COVID-19 legislation affect your taxes?

The Consolidated Appropriations Act (CAA), signed into law on Dec. 27, provides another round of “recovery rebate” payments to individuals and an expansion of the Paycheck Protection Program (PPP) loan program. The legislation includes some tax relief as well. Here’s a brief overview of some of the tax-related provisions that may affect you or your […]

Guidance on the second round of PPP loans

On December 27, 2020 President Trump signed a new relief bill of which included the Consolidated Appropriations Act (CAA) . A favorable item for small business owners listed in the CAA is the opportunity to take out a second loan under the Paycheck Protection Program (PPP). The basics The CAA permits certain smaller businesses who […]

Covid-19 relief updates in favor of individual taxpayers

The new COVID-19 relief law that was signed on December 27, 2020, contains numerous updates that could affect individual taxpayers. Here are some of the highlights of the Consolidated Appropriations Act, which also contains two other laws: the COVID-related Tax Relief Act (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act (TCDTR). Direct payments […]

Paycheck Protection Program (PPP) – Round 2 Is My Business Eligible for Relief?

On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, (the “Relief Act”), which includes a relief package consisting of $900 billion in aid to small businesses and individuals impacted by COVID-19. The focus of this Alert is to address changes made to the Paycheck Protection Program (PPP) through Title III – Continuing the […]