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New Tax Form 941 due July 31, 2020
The IRS has revised Form 941 beginning with the filing of the 2nd Quarter of 2020, in conjunction with reporting the various Covid-19 tax credits and deductions. Please use this as a reference to assist in reviewing the information that has been filed on Form 941 by your company or your payroll provider.
How The SECURE Act Impacts Parents and Grandparents (Pt. 2)
In Part 1 of our blog series on the SECURE Act, we discussed changes to individual retirement plans. In this article, we will explore how the SECURE Act offers improved flexibility for college savings plans and provides financial relief options for new parents.
SBA Releases New PPP Loan Forgiveness Forms and Instructions
This past week, new PPP forgiveness applications were released by the SBA to simplify the process and mirror the language of the PPP Flexibility Act that was signed into law earlier this month. We’re here to clarify some of the changes to the application and shed light on a newly updated interim final rule.
PPP Loan Flexibility Act Signed into Law
We watched this week as another chapter unfolds in the PPP saga.
PPP Loan Forgiveness Application Explained
The Small Business Administration (SBA) has released a Loan Forgiveness Application for the Paycheck Protection Program (PPP), which was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The application and its instructions provide step-by-step guidance on calculating a borrower’s PPP loan forgiveness amount. The application is much anticipated and helps clarify some of the questions we referred
COVID-19 Preparedness & Response Plan Template
On May 21, 2020, Governor Whitmer announced Executive Order 2020-97 (amending Executive Order 2020-91) which indicates that all businesses or operations that are permitted to require their employees to leave the homes or residences for work under Executive Order 2020-92 (since amended to Executive Order 2020-96 and extended through June 12, 2020 under EO 2020-100) and any order that follows