by Eric Chastaine | Jun 4, 2020 | CARES Act, Audit, COVID-19, Financial Services, PPP Program, Tax
Author: Lindsey Jackson Congress reached an agreement yesterday evening on the Paycheck Protection Program Flexibility Act and the bill is now headed to President Trump’s desk for signature. This is great news as it provides some much-needed relief for businesses...
by Eric Chastaine | May 14, 2020 | Agriculture, Business Advisory, CARES Act, COVID-19, PPP Program, Small Business, Tax
Our prior announcement of May 6th provided information on additional guidance issued for the Paycheck Protection Program (PPP) regarding the repayment of funds received. Initially the guidance provided that recipients of PPP funds had until May 7th to...
by Eric Chastaine | May 11, 2020 | Uncategorized, Financial Services, Small Business, Tax
The current market conditions created by the COVID-19 pandemic have forced businesses across the country to grapple with a number of difficult challenges. With the stock market dropping to historic lows and closely-held family businesses experiencing a downturn in...
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 | 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...
by Eric Chastaine | Dec 13, 2019 | Agriculture, Audit, Financial Services, Tax
On July 25, 2019, United States Secretary of Agriculture Sonny Perdue announced details on a $16 billion package aimed at supporting American agricultural producers that were impacted by retaliatory tariffs on U.S. agricultural goods. As part of the package, the...
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