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Blog Month: July 2020

Encouraging reminders that PPP forgiveness may get less stressful…if we can just be patient!

We understand the anxiety surrounding the potential forgiveness of the PPP loans and the desire to get the process over with, however, with constantly changing guidance and new bills on

Did You Lay Off Employees Due to Covid?

If your employees were laid off due to the public health emergency declared by Executive Order 72 and filed initial unemployment claims for weeks after May 16, 2020, you may
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5 Tips for This Season

1. Budget As you budget for the rest of your fiscal year or the next, the best practice right now is to create multiple scenario budgets ranging from most to

Basis Considerations: property transferred by gift vs inheritance

Carryover basis on a life-time transfer (i.e., gift) When property is transferred before death (e.g. gifting) the recipient receives carryover basis of the donor’s original cost basis in the property. 

PPP Loan Forgiveness Applications

PPP Loan Forgiveness Application & Instructions Click here to download the Paycheck Protection Program Loan Forgiveness Application (06-16-2020) (Spanish version) Click here to download instructions for the Paycheck Protection Program Loan

Stimulus Checks – Latest Guidance on Checks Received in Error

Millions of Americans have already received their Economic Impact Payments (EIPs) authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the economic threats caused