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Blog Month: August 2020

08/26/2020 | , ,

New PPP forgiveness guidance addresses owner-employee compensation, rent-related costs

Important PPP clarifications issued regarding the definition of owner-employees and eligibility of certain non-payroll costs. The new interim final rule will be helpful for anyone grappling with the thresholds related to
08/26/2020 | ,

Is There a New Federal Tax Holiday? It’s Not So Clear.

On August 8, President Trump issued one executive order and three memorandums with the goal of offering relief to Americans due to Coronavirus.  One of the memorandums called for a
08/25/2020 | ,

Don’t need your 2020 RMDs? – You can redeposit these to your retirement account by August 31st, 2020!

With the tax law changes that have happened recently because of the Covid-19 pandemic, there have also been changes to the Required Minimum Distributions (RMD) for 2020. RMD is the
08/05/2020 | ,

PPP Loan Forgiveness FAQs

Some updated PPP FAQs are here! These updated FAQs relate to the forgiveness process. We are still encouraging everyone not to rush into the forgiveness process as the SBA is not
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08/04/2020 | ,

Outsourced Accounting Can Help Your Company with Cash Flow Issues During the Pandemic

No matter what industry you work in, your company has been likely affected by the COVID-19 pandemic. Many companies, especially in the harder hit industries like tourism and hospitality, are