This article was co-authored by Collin Kanelakos, Partner, Assurance Services. So, you’ve submitted your SBA Paycheck Protection Program (PPP) application and you might have even received your loan...
We are now 79 days removed from January 22nd 2020, a date that marks the first reported coronavirus (COVID-19) case in the United States. Since then over 462,000 confirmed cases of the virus have...
To help individuals stay afloat during this time of economic uncertainty, the government will send up to $1,200 payments to eligible taxpayers and $2,400 for married couples filing joints returns. An...
Employee retention credit for employers Eligible employers can qualify for a refundable credit against, generally, the employer’s 6.2% portion of the Social Security (OASDI) payroll tax (or against...
This past week brought to light a handful of historic events that continue to unfold as the coronavirus (COVID-19) wreaks havoc on our livelihood. It is clear that we are living through a phase of...
Generally, individuals are required by law to take an annual withdrawal from their IRA, Simple IRA, SEP IRA, or other retirement plan vehicles such as a 401K plan once they reach age 72 (or 70 1/2...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains immediate payroll tax relief to certain employers. The employee retention credit cannot be utilized by an employer who receives...
In response to the coronavirus pandemic and following the lead of the IRS, Glenn Hegar, Comptroller for the State of Texas, announced that state franchise tax filings that are ordinarily due on May 15
While a lot of recent attention focused on the stimulus package contained in the Coronavirus Aid, Relief & Economic Security (CARES) Act signed into law late last week, remember that a significant...
Information continues to come from the U.S. Treasury and the U.S. Small Business Administration about much-needed relief for American small businesses. For a refresher on the key loan options...