On June 3, 2020 Congress passed the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”). On June 5, 2020 President Trump signed the Flexibility Act into law. The Flexibility Act modifies several aspects of the PPP loan as designed by the “CARES Act”. The PPP loan was passed and signed into law on [...]
Dear Client: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In addition to the summary [...]
Dear Client: Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important matters related to the health crisis, here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and [...]
On March 18, 2020, the Department of the Treasury and the Internal Revenue Service issued Notice 2020-17 providing relief under section 7508A(a) of the Code, which postponed the due date for certain Federal income tax payments from April 15, 2020 until July 15, 2020. This notice restates and expands upon the relief provided in Notice [...]
Our firm continues to actively monitor the coronavirus (COVID-19) situation. We assure you we are working diligently to ensure business continuity while prioritizing the safety and health of our staff, clients, and families. We have implemented our business continuity plan for remote work environments. The nature of our business allows us to offer telecommuting to [...]
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