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COVID-19 Resource Center

Thank you for visiting our COVID-19 Resource Center, where you will find helpful information, resources, live and recorded webinars to help your business or organization navigate the challenges you’re facing. Browse the sections below for answers to your specific questions, and be sure to reach out to us if you need more help than what you’re finding here.

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  • Webinars

    View our calendar of all upcoming webinars or view our selection of previously recorded webinars.

  • COVID-19 Relief Bill

    COVID Relief Act Enhances Higher Education Tax Credits and Deduction

    Getting a college education is expensive. It is also a great investment in your future as well as the future

    Got Meals? Take a look at the NEW 100% Business Meal Deduction!

    With the President’s signature enacting into the law the $900 billion COVID-19 relief bill, certain business meals will now be

    Update on Treatment of PPP Covered Expenses (now fully deductible) & More Good News for SBA Debt Relief Payments

    Many of you have read our recent blog regarding the position taken by the IRS on the deductibility of PPP

    Changes to the Employee Retention Credit Good News for Employers – Allows for Retroactive Tax Credit (or Payroll Tax Refund)

    Included in the COVID Relief stimulus package signed into law on December 27, 2020 were significant changes to certain payroll

    COVID Relief Act Provides NOL Carryback Changes for Farmers

    In 2019 and prior years, farmers that generated a loss had two options:  1) carryback back the net operating losses

    Second Round of Economic Impact Payments Are on the Way!

    On December 27, 2021 President Trump signed the long-awaited $900 billion stimulus package and government spending bill.  Included in the

    Congress Passes COVID Relief Bill, President’s Signature Not Likely….Yet

    On December 22, Congress passed the Consolidated Appropriations Act, 2021 (the “Act”).  The Act serves as a vehicle to provide

  • PPP Loans

    Say What?!? Wisconsin is going to tax my PPP?

    The Wisconsin Department of Revenue recently announced on the WDR website a note to taxpayers regarding the Wisconsin-federal differences related

    SBA Releases PPP Forgiveness Form for Loans of $150,000 or Less

    The SBA released revised PPP Loan Forgiveness Application Form 3508S late Tuesday night.  This form was revised to now be

    SBA Clarifies Second Draw Loan PPP Calculations, Gross Receipts, and Documentation Needed

    The SBA provided clarifying documentation on January 19th in the form of FAQs regarding calculating the maximum second draw amount,

    SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

    Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on

    SBA Re-Opens Paycheck Protection Program Today

    Are you currently banking with a Community Financial Institution (CFI)?  If so, you may be able to apply for a

    PPP Second Draw Application

    Update on Treatment of PPP Covered Expenses (now fully deductible) & More Good News for SBA Debt Relief Payments

    Many of you have read our recent blog regarding the position taken by the IRS on the deductibility of PPP

    PPP2 is (almost) here!

    On December 27, 2020, the Consolidated Appropriations Act was signed into law.  This new bill included a $900 billion stimulus

    Congress Passes COVID Relief Bill, President’s Signature Not Likely….Yet

    On December 22, Congress passed the Consolidated Appropriations Act, 2021 (the “Act”).  The Act serves as a vehicle to provide

    PPP Update

    SBA Releases Names of All PPP and EIDL Recipients On Tuesday evening, the SBA released the names of the remaining

    PPP Loans – The IRS doubles down on their position on the tax treatment of covered expenses

    Generally, when loans are forgiven or canceled, the canceled amounts are includable as income. When the CARES Act established the Paycheck

    Business closing or shut down due to COVID pandemic? A few things to do before you leave town

    Unfortunately, the COVID-19 pandemic has forced many businesses to shut down permanently. Legally closing your business can require several steps

    PPP Updates and Loan Forgiveness

    While the blitz of new PPP information has slowed substantially over the past few months, there has been some important

    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

    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

    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

    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

    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

    PPP Flexibility Act and Revised Forgiveness Application

    On June 17, 2020 the U.S. Small Business Administration (SBA), released a revised Paycheck Protection Program (PPP) loan forgiveness application

    New Update Released on PPP Loan Forgiveness Requirements

    If you received a Paycheck Protection Program (PPP) loan, we want to inform you of the most recent update released

    PPP Exhausted Funding…Now What?

    In just this past week, the Payment Protection Program (PPP) exhausted funding, the Economic Injury Loan program stopped accepting loan

    SBA Releases Loan Guidance for Faith-Based Organizations

    On April 3, 2020, the U.S. Small Business Administration (SBA) released a FAQ addressing many of the questions for faith-based

    COVID-19 News and Resources for Non-Profits

    Recent legislation offers a number of resources for not-for-profits (NFP).  That is the good news!  The more challenging news is

    Final Regulations for the Paycheck Protection Program (PPP)

    PPP Application Form

    PPP Application Forms and Instructions

    Below is the SBA form to apply for the new Payroll Protection Program (PPP) loans administered by the SBA.  Clients

    Paycheck Protection Program (PPP)

    On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The act

  • ALL ARTICLES & RESOURCES

    Say What?!? Wisconsin is going to tax my PPP?

    The Wisconsin Department of Revenue recently announced on the WDR website a note to taxpayers regarding the Wisconsin-federal differences related

    SBA Releases PPP Forgiveness Form for Loans of $150,000 or Less

    The SBA released revised PPP Loan Forgiveness Application Form 3508S late Tuesday night.  This form was revised to now be

    SBA Clarifies Second Draw Loan PPP Calculations, Gross Receipts, and Documentation Needed

    The SBA provided clarifying documentation on January 19th in the form of FAQs regarding calculating the maximum second draw amount,

    COVID Relief Act Enhances Higher Education Tax Credits and Deduction

    Getting a college education is expensive. It is also a great investment in your future as well as the future

    SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19

    Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on

    SBA Re-Opens Paycheck Protection Program Today

    Are you currently banking with a Community Financial Institution (CFI)?  If so, you may be able to apply for a

    PPP Second Draw Application

    Got Meals? Take a look at the NEW 100% Business Meal Deduction!

    With the President’s signature enacting into the law the $900 billion COVID-19 relief bill, certain business meals will now be

    Update on Treatment of PPP Covered Expenses (now fully deductible) & More Good News for SBA Debt Relief Payments

    Many of you have read our recent blog regarding the position taken by the IRS on the deductibility of PPP

    PPP2 is (almost) here!

    On December 27, 2020, the Consolidated Appropriations Act was signed into law.  This new bill included a $900 billion stimulus

    Changes to the Employee Retention Credit Good News for Employers – Allows for Retroactive Tax Credit (or Payroll Tax Refund)

    Included in the COVID Relief stimulus package signed into law on December 27, 2020 were significant changes to certain payroll

    COVID Relief Act Provides NOL Carryback Changes for Farmers

    In 2019 and prior years, farmers that generated a loss had two options:  1) carryback back the net operating losses

    Second Round of Economic Impact Payments Are on the Way!

    On December 27, 2021 President Trump signed the long-awaited $900 billion stimulus package and government spending bill.  Included in the

    Congress Passes COVID Relief Bill, President’s Signature Not Likely….Yet

    On December 22, Congress passed the Consolidated Appropriations Act, 2021 (the “Act”).  The Act serves as a vehicle to provide

    PPP Update

    SBA Releases Names of All PPP and EIDL Recipients On Tuesday evening, the SBA released the names of the remaining

    PPP Loans – The IRS doubles down on their position on the tax treatment of covered expenses

    Generally, when loans are forgiven or canceled, the canceled amounts are includable as income. When the CARES Act established the Paycheck

    Don’t Overlook the $300 Tax Deduction Under the CARES Act

    With the passage of the 2017 Tax Bill that doubled the standard deduction, most taxpayers can no longer itemize their

    Got an FSA? Get Timely Reimbursement of Qualifying Medical and Dependent Care Expenses

    If offered by your employer, flexible spending arrangements (FSAs) provide an easy way to lower your taxable wages.  As the

    Business closing or shut down due to COVID pandemic? A few things to do before you leave town

    Unfortunately, the COVID-19 pandemic has forced many businesses to shut down permanently. Legally closing your business can require several steps

    Tourism industry grant applications are open

    Several of the grant programs targeting the tourism industry announced last week are now accepting applications. These grants, funded by

    Quid Pro Quo Contributions

    This Fall, more and more nonprofits are starting to host virtual special events, taking place for some of the traditional

    ‘Virtual’ Trade Show Guidance

    Net income received by a tax-exempt organization may be subject to federal corporate income taxation if the income is generated

    PPP Updates and Loan Forgiveness

    While the blitz of new PPP information has slowed substantially over the past few months, there has been some important

    The ins and outs of the easing of loss limitation rules

    To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid,

    Payroll Deferral: Employers May Want to Skip This Deferral

    This is a follow up from our previous blog post here. On August 8th, President Trump issued a memorandum calling

    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

    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

    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

    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

    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

    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

    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

    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

    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

    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

    PPP Flexibility Act and Revised Forgiveness Application

    On June 17, 2020 the U.S. Small Business Administration (SBA), released a revised Paycheck Protection Program (PPP) loan forgiveness application

    The New Normal of Internal Controls

    How should I adjust my internal controls while working remotely? It’s no surprise that one of the most commonly asked

    Wisconsin Farm Support Program

    Are you a farmer with gross income from Farming in 2019 of at least $35,000 but less than $5,000,000?  Have

    We’re All In Small Business Grant

    The Wisconsin Economic Development Corporation (WEDC) will issue 30,000 grants of $2,500 to Wisconsin small businesses to help them get

    Paycheck Protection Program Flexibility Act Approved by Senate

    On June 3rd, the Senate passed the Paycheck Protection Program Flexibility Act.  The bill now awaits the president’s signature.  The

    Did you get an Economic Impact Payment that was less than you expected?

    Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the

    SBA Paycheck Protection Program Loans Frequently Asked Questions (FAQs)

    New Update Released on PPP Loan Forgiveness Requirements

    If you received a Paycheck Protection Program (PPP) loan, we want to inform you of the most recent update released

    The IRS sent my Dead Grandmother a Stimulus check, can I keep it?

    IRS just released an updated Q&A on this question (not too surprising, they want the money back!) Q.  Does someone

    Do you have tax questions related to COVID-19? Here are some answers

    The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now.

    Internal Controls – COVID style

    Auditors love internal controls so it should come as no surprise that despite our current COVID environment, internal controls are

    Building Donor Support in the Midst of Social Distancing

    During this season of social distancing are you communicating with your donors?  What are ways to connect and continue developing

    PPP Exhausted Funding…Now What?

    In just this past week, the Payment Protection Program (PPP) exhausted funding, the Economic Injury Loan program stopped accepting loan

    Answers to questions you may have about Economic Impact Payments

    Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to

    Developing a 13 Week Cash Flow Forecast

    With all the uncertainty surrounding the current economy, it is more important than ever to understand your cash flow needs.

    Non-Profit COVID-19 Q&A

    Paycheck Protection Program – Additional Eligibility Criteria and Requirements for Certain Pledges of Loans

    Need to Update Bank Info? IRS Economic Impact Payment Webpage Is Open

    The IRS has released the “Get Your Payment” webpage where you can check your payment status, confirm your payment type,

    COVID-19 Legislative Updates that Employers Need to Know – Part 2

    We will highlight the updated guidance from the Department of Labor on the following: Understanding who qualifies under FFCRA Understanding

    Tax Deadline for Nonprofits and Foundations is Now July 15th

    In response to the coronavirus pandemic, the Internal Revenue Service announced that nonprofits and foundations will have more time to

    Reminder: July 15th is the New April 15th for Individual Income Tax Returns

    In reaction to the COVID-19 pandemic, the IRS extended the deadline for tax filing and payment for all individuals to

    COVID-19 FAQs

    SBA Releases Loan Guidance for Faith-Based Organizations

    On April 3, 2020, the U.S. Small Business Administration (SBA) released a FAQ addressing many of the questions for faith-based

    CARES ACT changes retirement plan and charitable contribution rules

    As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you

    COVID-19 News and Resources for Non-Profits

    Recent legislation offers a number of resources for not-for-profits (NFP).  That is the good news!  The more challenging news is

    Final Regulations for the Paycheck Protection Program (PPP)

    PPP Application Form

    Tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act

    Below is an update on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic

    Coronavirus Emergency Loans Small Business Guide and Checklist

    Prepared by the U.S. Chamber of Commerce

    Paycheck Protection Program FAQs for Small Businesses

    PPP Application Forms and Instructions

    Below is the SBA form to apply for the new Payroll Protection Program (PPP) loans administered by the SBA.  Clients

    Virtual Workforce? 5 Keys To Make The Transition Successful

    Many leaders found themselves leading a virtual team overnight.  Join us for 5 keys to successfully transitioning to a virtual

    Paycheck Protection Program (PPP)

    On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The act

    CARES Act: Direct Financial Assistance for Individuals is on the Way!

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020, providing immediate

    Tax-Free Relief Payments to Employees Under Seldom Used Code Section 139

    Need to help out employees as they deal with the repercussions of the virus and “stay at home” orders? Section

    COVID-19 Legislative Updates that Employers Need to Know

    In this unprecedented time of COVID-19 pandemic, we are experiencing significant changes to our work environment based on Federal and

    CARES Act

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020. Below is

    SBA To Provide Economic Injury Disaster Loans for Coronavirus Related Economic Disruptions

    With IRS deadline extensions, what you need to know now

    When the IRS extended the April 15th due date to July 15th, it raised other tax related questions – i.e.,

    COVID-19 Co-op Update

    Many of you have already reached out to us with questions/concerns regarding the impact of COVID-19 on your co-ops and

    Individuals get coronavirus (COVID-19) tax and other relief

    Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19)

    COVID-19 Legislative Updates Employers Need to Know

    Written in partnership with Bernhoft Law Want more information on this topic? Join us for our webinar discussing these legislative

    Families First Coronavirus Response Act

    On March 18, there was a new law passed called the Families First Coronavirus Response Act (H.R. 6201). This Act

    April 15th Tax Day moved to summer – now the deadline is July 15th!

    Americans will have an additional three months to file their taxes amid the coronavirus pandemic.  In addition,  Treasury Secretary Steven

    Resources for Small Businesses and Workers to Navigate COVID-19

    We know our clients are facing many difficult decisions on how to navigate these uncertain times.  Wegner CPAs is working