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SBA Issues Interim Final Rules

On Friday, May 22nd, the SBA and the Department of the Treasury issued additional interim final rules for

IRS Provides Updates on Compliance, Exam Activities Through July 15

In two Tax Tips, the IRS has provided updates on its suspended compliance and examination activities through the July 15, 2020 filing and payment deadline.

Section 125 Cafeteria Plans Allow for Greater Flexibility

Guidance has been published by the IRS to allow for temporary changes to Section 125 cafeteria plans.

SBA Releases PPP Loan Forgiveness Application

The Small Business Administration and Treasury Department on Friday, May 15th, released the 

ICYMI: The Cares Act, RMD, And Hardship Distribution Changes

The CARES Act (The Coronavirus Aid, Relief, and Economic Security Act) became law on March 27, 2020, and contains significant legislation for Required Minimum Distributions (RMD) for those over age

Injured Spouse Stimulus Payment

On Friday, May 8, the IRS posted Economic Impact Payment FAQ #31 acknowledging that it was aware of the prob

Act by Wednesday for Chance to Get Quicker Economic Impact Payment; Timeline for Payments Continues to Accelerate

With a variety of steps underway to speed Economic Impact Payments, the Treasury Department and the Internal Revenue Service urged people to use 

Denise Weston Tue, 05/12/2020 - 12:59
Expenses Paid with Forgiven Paycheck Protection Program Loan Not Deductible

In Notice 2020-32, the IRS has clarified that no deduction is a

Denise Weston Mon, 05/11/2020 - 14:23
Employee Retention Credit

The IRS has posted information regarding the employee retention credit on their website here.

Denise Weston Thu, 05/07/2020 - 22:40
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