More Flexibility For PPP Loan Forgiveness & Payroll Tax Deferral

The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) (PPP Flexibility Act), enacted on June 5, 2020, makes welcome changes to the forgiveness rules for Paycheck Protection Program (PPP) loans made to small businesses in response to the novel coronavirus global pandemic (COVID-19). The PPP Flexibility Act greatly increases the...

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5 Things PPP Borrowers Need To Do Now

For small and midsize businesses struggling because of the coronavirus, the Paycheck Protection Program (PPP), included as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provided much-needed funding to cover necessary expenses. One of the chief benefits of the loans made through this program is the potential for the...

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As Governors Lift COVID-19 Restrictions, What Happens To The CARES Act Employee Retention Credit?

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Service Disallows Tax Deductions For Eligible PPP Expenditures

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Does someone who is deceased qualify for the Economic Impact Payment? 

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CARES Act Guidance Provides Taxpayers with Flexibility to Make Favorable Adjustments To Depreciation

In April 2020, the IRS released several pieces of guidance providing taxpayers with the ability to receive immediate cash flow benefits and implement tax planning opportunities associated with changes made to depreciation under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The procedures in the guidance summarized below present...

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Federal Reserve Expands Main Street Lending Program

This blog post was last updated on May 4, 2020.

On Thursday, April 30, 2020, the Federal Reserve announced that they had expanded their Main Street Lending Program. The Program's minimum loan size was reduced from $1 million to $500,000. In addition, it will now be open to companies with up to 15,000 employees, or up to $5 billion in annual...

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Tax Implications & Incentives for Physician Practices In An Age Of COVID-19

The rapidly-changing regulatory environment and what this means for physician practices

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How the COVID-19 Pandemic is Impacting the Insurance Industry

There are many questions that cause anxiety for insurance leaders as they navigate the business implications of the COVID-19 pandemic, including:

  • Will the effects of the pandemic last longer than expected, thereby causing a prolonged spike in life insurance claims
  • What reimbursement support or relief can the health insurers expect from the...
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COVID-19 Payroll Tax Relief - Credits & Deferral

Two COVID-19 aid packages recently became law that deliver federal assistance to employers by providing them credits against their payroll taxes. The Families First Coronavirus Response Act (FFCRA) provides 100% of the funds needed by employers with fewer than 500 employees to pay federally mandated emergency leave to employees caring for...

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