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Category: CARES Act

June 8, 2023

Employee retention Tax Credit (ERTC) Scams

The IRS added widely circulating promoter claims involving Employee Retention Tax Credits (ERTC) as a new entry in the…

CARES Act, COVID-19, ERTC, General Business, Tax Credits

August 3, 2021

Single Audit: Covid-19 Relief Funds Received May Trigger Federal Single Audit

As a result of the Covid-19 pandemic, the U.S. government has implemented a number…

A&A, Audits, CARES Act, Compliance, COVID-19, PaycheckProtectionProgram

February 8, 2021

SBA Posts Guidance on Eligibility for Different Relief Options

The U.S. Small Business Administration (SBA) posted a new webpage titled Cross Program Eligibility…

CARES Act, COVID-19, Economic Injury Disaster Loan, News, Paycheck Protection Program, Response and Relief Act

January 20, 2021

Employee Retention Credit Extended and Expanded

Updated March 12, 2021 The CARES Act originally created the Employee Retention Tax Credit…

CARES Act, COVID-19, News, Paycheck Protection Program, Response and Relief Act, Tax Relief

December 22, 2020

Congress Approves New Coronavirus Stimulus Package

After months of negotiations, the U.S. House of Representatives and the U.S. Senate voted…

CARES Act, COVID-19, Economic Injury Disaster Loan, Paycheck Protection Program, Response and Relief Act, Tax Relief

December 8, 2020

Register Today for December Webinars!

Stay up-to-date on all the changes that took place during 2020 with our year-end…

A&A, CARES Act, COVID-19, News, Paycheck Protection Program, Small Business, Tax, Tax Relief, Webinars

December 3, 2020

IRS Issues New Guidance on Non-deductibility of PPP-related Expenses

On November 18, 2020, the U.S. Treasury Department and Internal Revenue Service (“IRS”) issued…

CARES Act, COVID-19, News, Paycheck Protection Program, Tax Relief

November 6, 2020

Federal Judge Orders SBA to Release Detailed Borrower Information

Updates December 1, 2020 | The U.S. Small Business Administration (SBA) released detailed PPP…

CARES Act, COVID-19, Economic Injury Disaster Loan, News, Paycheck Protection Program

October 13, 2020

SBA Simplifies Forgiveness for Borrowers with PPP Loans of $50,000 or Less

On October 8, 2020, the U.S. Small Business Administration (“SBA”) posted a twenty-fifth Interim…

CARES Act, COVID-19, Paycheck Protection Program

October 6, 2020

SBA Issues Guidance on PPP Loans and Changes of Ownership

On October 2, 2020, the U.S. Small Business Administration (“SBA”) issued Procedural Notice No….

CARES Act, COVID-19, News, Paycheck Protection Program