Ultimate Account Blog

Employee SS Payroll Tax Deferral Guidelines

In early August the President used his Executive Powers to provide for a deferral of employee social security taxes beginning today, September 1. On Friday, August 28th, the Treasury released the much anticipated guidelines to accompany the Executive order. The guidelines did provide additional details but also left some…

Read more

PPP Forgiveness: Planning for Financial Statement and Tax Return Impacts

For many of you, the time has come or is quickly approaching for you to consider starting the PPP Loan Forgiveness Application process. Due to the amount of complexity and the importance of preparing your application accurately, we are prepared to support you in the forgiveness application process. Ways Walz…

Read more

PPP Forgiveness Update and Proposed Legislation

It has been close to a month since we have sent out substantive information to you relating to the PPP Loan program. While very little has come out relating to PPP loans and PPP loan forgiveness over that time, we did want to bring you up to speed on…

Read more

Paycheck Protection Program Flexibility Act of 2020 Vlog

Walz Group CPA Principal Daniel T. Massey, CPA and Manager Benjamin J. Ritenour, CPA provide an update on the recently passed Paycheck Protection Program Flexibility Act, clarifications from interim final rulings, and the new loan forgiveness application and related instructions. Topics covered include: Paycheck Protection Program Flexibility Act of 2020…

Read more

RECAP ON PPP LOAN FORGIVENESS APPLICATION AND PROCESS

On Wednesday, May 20, Walz Group hosted a complimentary webinar focusing on PPP Loan Forgiveness Application & Process. For a recording of this presentation, please visit our YouTube channel here: www.youtube.com/WalzGroup For slides: Observations from the Application For any follow-up questions, please refer to the last bit of the presentation…

Read more

PPP Loans: Three Keys Areas

Principal, Dan Massey, CPA, and Manager, Ben Ritenour, CPA, are back with another video to review 3 key areas of the PPP Loans. Topics include: Taxability of PPP Forgiveness Scrutiny of PPP Loans Forgiveness for Employees Who Reject Re-employment Visit our YouTube channel for additional information on PPP Loans:…

Read more

Walz Group PPP Loan Forgiveness Planning Tools Available

As we continue to work through the various aspects of the CARES Act and related PPP loans, many of you have been asking about the forgiveness components of the loans. We are here to help you plan for the coming weeks by offering our assistance and some tools for…

Read more

Video – PPP Loans: An Initial Look at Loan Forgiveness

For a recording of our 4/14/2020 webinar focused on the loan forgiveness component of the Paycheck Protection Program (PPP) that was included as part of the CARES Act, check out our YouTube channel: https://www.youtube.com/WalzGroupPPPLoans Additional follow-up tools: Loan Forgiveness Talking Points Walz Group PPP Loans Presentation

Read more

PAYCHECK PROTECTION PROGRAM LOANS FAQ’S

A new FAQ around the Paycheck Protection Program is here and provides a lot of information on several questions we have been hearing a lot of. Hoping this may bring clarity to all who have submitted applications and are waiting to hear if they have been approved. Once loans…

Read more

Contingency Plans

Every work week has its challenges. This week and those leading up to it include consideration of the impact of the Coronavirus to everyone’s health and all business operations. As businesses aim to maintain a safe and healthy work environment, they will also strive to avoid disruptions to the…

Read more