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  HEROES Act The new Health and Economic Recovery Omnibus Emergency Solutions Act or HEROES Act, an 1800-page piece of legislation introduced on Wednesday, May 13th into the House is a $3 trillion wave of funding. The House voted on the Act Friday, May 15th.  It passed the house with... Read More →

The latest developments in the CARES Act small business aid package contain both good news and not so good news for small businesses. Let’s expand on what we know at this point. The PPP Loan Program – The Good News On April 30th, the IRS determined that expenses that result... Read More →

 IRS Ruling on 4/30/2020 In our efforts to keep you informed on what seems like a constantly evolving CARES Act small business aid package, we wanted to share with you some new information regarding the Paycheck Protection Program (PPP). When the program was first introduced, Congress stated that the... Read More →

The Paycheck Protection Program We hope you’re all doing okay through all of this craziness.  As the popular Paycheck Protection Programs continues to get additional funding, it’s important to remember the key thing about this loan: it is a loan to begin with and you have to pay it back!... Read More →

Stimulus Checks – Economic Impact Payments The CARES Act  Section 2201 included a provision for Recovery Rebates for Individuals, commonly known as Stimulus Checks. The stimulus checks will be for up to: $1,200 for Individuals $2,400 for married filing jointly couples $500 for each dependent child under age 17   The amount of... Read More →

President Trump’s determination that the ongoing novel Coronavirus (COVID-19) pandemic called for a nationwide emergency declaration under the Stafford Act has opened the opportunity for employers to provide tax-free assistance to their employees under Section 139 of the Internal Revenue Code. This is a way for businesses to support their... Read More →