Tag Archives: COVID-19

PPP Part XVI – Happy Fourth of July! Both Fireworks and Deadlines Approach!

Wow!  Can you believe it’s been over 15 months since the CARES Act was passed? ...

PPP Part XV – AB 80 and California’s Taxation of PPP Loan Forgiveness

Is PPP Loan Forgiveness Taxable in California? Governor Newsom just signed Assembly Bill 80, California’s...

PPP Part XIV – A Quick Update: IRS Issues Additional ERC Guidance

A Quick Update: IRS Issues Additional ERC Guidance As we went to press on Monday...

PPP Part XIV – Happy Saint Patrick’s Day! It’s About Much More Than Just PPP Forgiveness Now: Employee Retention Credit eligibility

More Than Just PPP Forgiveness Now: Employee Retention Credit eligibility It has only been 65...

Tax-Free Payments to Employees to Cover COVID-19 Expenses Are Deductible

Often-Overlooked IRS Section 139 Provides Relief Can we deduct COVID-19-related expenses used to help our...

Part XIII – PPP Loans Rounds 1 And 2: Happy New Year! Items For Your To Do List.

PPP Loans Rounds 1 And 2: When we last wrote, Congress had just passed the...

Part XII – PPP Loan Forgiveness: Merry Christmas Everyone! Good News, More Good News, and Even More Good News

As we draft this alert, Congress is still in Washington. And as you will read,...

Part XI – PPP Loan Forgiveness: Sorry, Again No Surprises Today, But Still Some Good News and Some Bad

As we begin the holiday season, we hope that you and yours are staying healthy...

Part X – PPP Loan Forgiveness: Bad News, Good News, and Sorry, No Surprises Today.

After nearly eight months, significant uncertainty about the Paycheck Protection Program Loans remains. The Bad...

Part IX – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise. Not!

On Monday, Treasury and the SBA issued another Interim Final Rule. The Good News Owner-employees...

Part VIII – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise.  Not!

Earlier this week, Treasury and the SBA issued a 10 page FAQ on loan forgiveness. ...

Part VII – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise. Yes! And Maybe?

Earlier this week, Treasury and the SBA issued their 20th Interim Final Rule. The Good...

More RMD Relief: The CARES Act Keeps on Giving!

Back in March, the CARES Act suspended all 2020 required minimum distributions (RMDs) from eligible...

What You Need to Know Regarding COVID-19 Single Audit Compliance Federal Funds Received

What You Need to Know Regarding COVID-19 Single Audit Compliance Federal Funds Received OMB issues...

Part VI – PPP Loan Forgiveness: Good News, Bad News, and Oh, What a Surprise. Not!

Treasury and the SBA have been quite busy since the passage of H.R. 7010.  They...