To our Valued Clients and Associates, Late Wednesday night, November 18th, the IRS released Revenue Ruling (Rev. Rul.) 2020-27 and Revenue Procedure (Rev. Proc.) 2020-51 to clarify the rules for deducting expenses paid with PPP funds. While we have been looking for...
To our Valued Clients and Associates, Yesterday, the Senate approved the bill H.R. 7010 that had passed the House last week. The Bill now heads to the President for signing. For borrowers under the PPP loan program, H.R. 7010 provides some much-needed...
To our Valued Clients and Associates, The U.S. Treasury has released a Fact Sheet and the application form for the Paycheck Protection Program. The Fact Sheet contains some important changes and updates to the program. Here are some highlights of the Fact Sheet they...
To our Valued Clients and Associates, With the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the third stimulus bill related to the Covid-19 pandemic) on Friday, the Government has provided much needed relief to small businesses. However,...
To our valued clients and associates, March 26, 2020 The Senate has overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and it appears that the House is set to do the same on Friday, paving the way for the President to sign the bill...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the...
