Coronavirus Resource Hub

Get the latest tax and accounting news straight to your inbox and stay up-to-date on the issues affecting your organization

Paycheck Protection Program Opens to All Lenders

January 19, 2021
ppp loan forgiveness

Starting today, January 19th, the Paycheck Protection Program (PPP) re-opens to all PPP-eligible lenders. Applications for first and second draw loans can be submitted to…

Read More >

Paycheck Protection Program Opens January 11

January 11, 2021
ppp loan

The second round of Paycheck Protection Program (PPP) loans opens January 11. Initially only community financial institutions that serve minority- and women-owned businesses to make…

Read More >

How the Consolidated Appropriations Act Impacts Businesses

January 7, 2021
covid-19 relief

The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, contains numerous tax breaks for businesses impacted by the Coronavirus pandemic.…

Read More >

What You Need to Know About the Second Round of Economic Impact Payments

January 4, 2021
economic impact payments

Last week, the IRS and Treasury Department began sending the second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act…

Read More >

Paycheck Protection Program: Highlights from the New Stimulus Bill

December 23, 2020
ppp loan

The Consolidated Appropriations Act 2021, a new stimulus bill passed by the House of Representatives and US Senate, includes tax provisions to help both individuals…

Read More >

New FAQs on COVID-19 Relief Issues for Employees and Self-Employeds

December 16, 2020
tax faqs

The IRS has updated and added several answers to frequently asked questions about COVID-19 relief issues for employees and self-employeds. Q. Can an employee receive…

Read More >

Paycheck Protection Program Loan Forgiveness: Expenses Not Deductible and New Safe Harbor Rule

November 20, 2020
ppp loan

The IRS issued new guidance regarding deductions for the Paycheck Protection Program (PPP) loan forgiveness. It includes information on denying a deduction when a loan…

Read More >

Is Your Business Closing During the Pandemic? Here are Tax Responsibilities You Should Know About

November 11, 2020
business closing

Sadly, the COVID-19 pandemic has forced many businesses to permanently close. If this is your situation, we’re here to assist you in taking care of…

Read More >

Paycheck Protection Program: Large Loan Borrowers Required to Complete New Loan Necessity Form

November 9, 2020
ppp loan forgiveness

Small businesses and nonprofits with Paycheck Protection Program (PPP) loans over $2 million need to complete a new loan necessity form issued by the US…

Read More >

Beware of a New COVID-19 Text Scam

November 5, 2020
coronavirus scam

The IRS and other agencies are warning people about a new COVID-19 text scam created by thieves that trick people into disclosing bank account information…

Read More >