by Anne Angera | May 8, 2020 | COVID-19 Legislative Update, Resources For Employers
The Small Business Administration has promised additional guidance on loan forgiveness (as a whole) as it relates to the Paycheck Protection Program (PPP). While we await that guidance, the SBA – in conjunction with the U.S. Treasury – continues to release partial...
by Anne Angera | May 8, 2020 | COVID-19 Tax Update, Resources For Individual Taxpayers
While an economic downturn is never good news for investors, it presents a potentially valuable opportunity for individuals considering converting their traditional IRA (and funds that have been rolled over from a qualified plan) to a Roth IRA. It is important to...
by Anne Angera | May 7, 2020 | COVID-19 Legislative Update, Resources For Employers
PPP Loan Eligibility Certification Presumably as a result of the public outcry over large publicly-traded companies receiving PPP loan proceeds while many small businesses were locked out of the program, the Treasury Department tightened the eligibility rules on who...
by Anne Angera | May 1, 2020 | COVID-19 Legislative Update, Resources For Employers
Late April 30, the IRS issued additional guidance on the Paycheck Protection Program (PPP). You may recall the proceeds of a PPP loan can be forgiven if spent on qualified expenses – such as payroll costs, mortgage interest, rent and utilities – within a certain...
by Anne Angera | Apr 22, 2020 | COVID-19 Legislative Update, Resources For Employers
As we continue our quest for clarity on the coronavirus-related Acts and Bills passed by Congress we offer the following updates on several clarifications that came out during the week of April 13 impacting various parts of the CARES Act, the Families First Act...