by Eric Chastaine | Apr 30, 2020 | CARES Act, Agriculture, COVID-19, PPP Program
The Paycheck Protection Program and Health Care Enhancement Act that was signed into law on April 24th included two notable provisions regarding Economic Injury Disaster Loans (EIDL) and grants. The funding for EIDL is increased from $10 billion to $20...
by Eric Chastaine | Apr 30, 2020 | PPP Program, CARES Act, COVID-19, Tax
DEFERRAL OF EMPLOYMENT TAX DEPOSITS The IRS has issued frequently asked questions (FAQs) on the payroll tax deferral opportunity provided by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136). Under that provision, employers of all...
by Eric Chastaine | Apr 30, 2020 | Uncategorized, Business Advisory, CARES Act, COVID-19, Small Business
On April 9, the Federal Reserve announced additional actions it will take, providing up to $2.3 trillion in loans to support the U.S. economy. The Federal Reserve believes this funding will assist households and employers of all sizes, bolstering the ability...
by Eric Chastaine | Apr 30, 2020 | Uncategorized, CARES Act, COVID-19, Financial Services, PPP Program
On Thursday, April 9, 2020 the IRS issued updated guidance on three (3) important pieces of the CARES Act and COVID relief legislation. The new guidance is focused around filing and payment deadlines, claiming net operating losses (NOL) and additional guidance on...
by Eric Chastaine | Apr 30, 2020 | Financial Services, Agriculture, Business Advisory, CARES Act, COVID-19, PPP Program, Small Business, Tax
One of the more highly anticipated pieces of the CARES Act legislation recently signed into law is the Paycheck Protection Program (PPP). This program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19...
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