Industry News
In follow up to the COVID-19 Relief Bill e-mail blast that we sent out on 12/23 (https://www.walzgroupcpa.com/covid-19-relief-bill/), please be aware that as of Sunday night, this Bill has now been signed by the President.
Next week, we are planning to hold a webinar outlining the key provisions of the new Bill. Details relating to that event will be sent out later this week.
Regulations on how the Bill is to be carried out are to be issued in the next 10 days by the SBA. Details on the new simplified application for PPP1 loans under $150,000 are to be released within the next 24 days. Specific details relating to the expanded Employee Retention Credit are to be provided in the next 30 days.
We will be working to get you the information you need to understand the new bill, and apply its contents to your business. Please let us know as you develop questions.
As we continue to monitor the ever-changing dynamic of COVID-19, here is the most recent update from the IRS.
March 19, 2020
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...
December 23, 2020
The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave...
