Forgiveness for the Paycheck Protection Program Loan (PPP Loan) now has an application with detailed instructions. The SBA and the Department of the Treasury have come together to release a form with detailed instructions and an application for forgiveness. Please note that the application and instructions will be subject to further regulation and guidance. Please […]
Please find the following article (in English and Italian) provided by Hanz Chiapetta, a partner in the law firm of Lawtelier: If you are a US based business who has had to suspend, or reduce, operations as the result of the Coronavirus pandemic, financial aid is on the way to help you keep your employees […]
Please find these highlights regarding the CARES Act, Title I, provided by the National Society of Accountants (NSA): March 30, 2020CARES Act UpdateTitle I HighlightsCoronavirus Aid, Relief, and Economic Security Act President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act allocates $2.2 […]
As of Saturday March 21, 2020, the federal income tax filing due date has been extended to July 15, 2020, according to an announcement by the Treasury Department and IRS[1]. This follows a press conference held on March 17th, 2020 in response to the COVID-19 pandemic, where Treasury Secretary Steven Mnuchin stated that the deadline […]
Please see the interesting information provided by Lewis Brisbois Bisgaard & Smith LLP, a legal firm with whom we exchange business and technical support. The Families First Coronavirus Response Act was approved by the U.S. Senate and signed by President Trump on March 18, 2020 (the Act). The Act requires that covered employers grant up to […]
Dear All, Please find some insightful notes from a legal firm with whom we exchange business and technical support, Pavia & Harcourt LLP. These are unprecedented times, and we know our clients have many questions regarding how to navigate the downturn in business due to COVID-19. We are here to discuss your particular issues […]
AICPA (The American Institute of Certified Public Accountants) has provided the following document – their State Tax Filing Guidance for Coronavirus Pandemic Chart. It contains updates regarding state issued guidance, relief/provisions, and other pertinent information for all 50 states. This document is frequently updated by AICPA. We have a have provided the link below. If you have […]
Dear All, attached a very interesting note from an Esquire with whom we exchange business and technical support – by Antonio Valla, founder and President of Valla & Associates Most “business interruption” insurance policies require that there be a physical loss in order to trigger coverage. However, many “commercial property insurance policies” provide coverage for […]