There’s no disputing that the intent of the Coronaviru [...]
As the coronavirus (COVID-19) pandemic began spreading [...]
The federal income tax is a pay-as-you-go tax. Taxpaye [...]
Andrew Dieffenbach, CPA, CVA, MBA to Present “Your PPP Questions Answered” webinar for the Newton-Needham Regional Chamber 7/21/20
ALL Director Andrew C. Dieffenbach, CPA, CVA, MBA will [...]
On July 6th, 2020, the Paycheck Protection Program resumed accepting applications at 9:00 AM EDT in response to the Paycheck Protection Program Extension Act, which was signed into law by President Trump on Saturday.
Industries across the commercial landscape are confronting a bevy of issues presented by coronavirus (COVID-19), and the U.S. manufacturing industry is no exception. The industry, which employs some 13 million workers, faces issues that range from supply chain disruptions, lack of capital resources and consumer spending decreases to reductions in workforce productivity and more.
On June 23rd, the Internal Revenue Service announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020.
On the heels of congressional action that makes the Paycheck Protection Program (PPP) more flexible to use, the SBA and Treasury Department have unveiled a simplified full loan forgiveness application form along with an EZ version of the form.
As the coronavirus (COVID-19) pandemic continues to rattle financial markets and the broader global economy, it also has added even greater uncertainty around fair value measurements, a financial reporting requirement that many businesses have long found challenging.
In the wake of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), much discussion has centered about helping businesses secure funding. As a result, business relief was provided through initiatives such as Payroll Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL), Employee Retention Credits and an increase in the allowable business interest deduction limit. Tax relief for businesses helps those businesses and by extension, the economy at large. Yet, what tax relief has been made available to individuals during the coronavirus (COVID-19) pandemic?