Newsletter

As there is much information and law changes occurring lately, below is a brief summary of some relief programs for businesses effected by the COVID-19

The IRS just announced that the second quarter estimated tax payment for individuals that was due on June 15, 2020 has been pushed back to

These are SBA 7(a) loans that have been authorized for the SBA to lend to small businesses as part of the Coronavirus Aid, Relief and

This is an SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. Lenders may begin processing these loans as soon as

The economic downturn and public health crisis has hit as many firms and individuals are completing tax returns for the 2019 tax year. The IRS

Amounts of Small Business Administration Section 7(a)(36) guaranteed loans that are forgiven under the CARES Act aren’t taxable as discharge of indebtedness income if the

Taxpayers (including self-employed individuals) will be able to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020

Eligible employers can qualify for a refundable credit against, generally, the employer’s 6.2% portion of the Social Security (OASDI) payroll tax (or against the Railroad