News

COVID-19 Relief Bill

Over the last two days, the House and Senate have passed a massive bill that includes significant extensions of existing COVID relief programs, new COVID relief programs, and modifications to existing COVID relief programs. The Bill is currently with the president for his signature. As of last evening, the…

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Congress reaches agreement on COVID relief bill

As you no doubt saw, over the weekend Congressional leaders came to an agreement on the much-anticipated COVID relief bill. They should be voting on it today. There have been a number of rumors floating around about what is in this new law, specifically with applying for a second…

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1099 Electronic Filing

For our 1099 filing clients: if you would like to submit your 1099 information to us electronically and you do not use QuickBooks or your own spreadsheet, please complete and return the following spreadsheet template: 1099 Template

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IRS Provides Important Information Regarding PPP Loans

The subject of taxability of Paycheck Protection Program (PPP) loan forgiveness has been a common theme of many of our past PPP communications with you. Some information, such as the fact that the eligible expenses that lead to forgiveness are not deductible, has not changed, and will not change…

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PPP Update – Important Information for Loans over $2 Million

It has been more than 7 months since the CARES Act, which housed the PPP Loan provisions, was signed into law. We have learned a lot over the last 7 months and continue to learn more as information becomes available. The information below is applicable for recipients of PPP…

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