Tax & Finance Considerations
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Update – Fraud Investigations Related to COVID-19 Assistance Programs
July 13, 2021 | Blogs
The Paycheck Protection Program (PPP) was introduced with the CARES Act in 2020 in an effort to assi...
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You Received ARPA Funds: Now What?
June 3, 2021 | Coronavirus Response Team
On May 10, the Treasury Department released preliminary guidance regarding the distribution and us...
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When and Where Can I Sign My Will With “Remote Witnessing”? [Estate Planning Lessons Learned Fro...
April 16, 2021 | Blogs
Beginning in March 2020, pandemic-driven lockdowns, home quarantines, and general isolation made it ...
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PPP Audits and Appeals: When SBA and IRS Come Knocking
April 5, 2021 | Coronavirus Response Team
Now that Small Business Administration (SBA) audits of Paycheck Protection Program (PPP) loans have ...
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IRS Announcement 2021-7: PPE as Qualified Medical Expense
April 1, 2021 | Blogs
In Announcement 2021-7 issued on March 26, 2021, the IRS announced that amounts paid for personal pr...
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Unemployment and FFCRA Tax Credits Extended Under American Rescue Plan Act
March 19, 2021 | Coronavirus Response Team
President Joe Biden signed the American Rescue Plan Act (ARP) into law at the beginning of March. At...
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COVID-19’s Unexpected Effects on Community Reinvestment Act Compliance for Banks
March 15, 2021 | Coronavirus Response Team
The COVID-19 pandemic continues to impact the banking industry in both expected and unexpected ways....
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More Economic Relief for SBA Borrowers: The SBA Will Pay for Your Loan Payments for Up to Five Month...
March 5, 2021 | Coronavirus Response Team
This article replaces our February 3, 2021 article. It incorporates the February 16, 2021 guidance f...
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Not COVID Friendly – Kentucky Disallowing Deductions for Expenses Covered by PPP Loans
January 22, 2021 | Blogs
When the federal government released its Paycheck Protection Program (PPP) in March 2020 as a part o...
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Hotels Give the New Paycheck Protection Program 2 ½ Stars
January 22, 2021 | Coronavirus Response Team
December 27, 2020 saw the passage of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and...
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4% LIHTC Fix Helps Affordable Housing Industry
January 21, 2021 | Coronavirus Response Team
The affordable housing industry has used 4% Low-Income Housing Tax Credits (“4% Credits”) to fin...
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Employee Retention Tax Credit Expanded and Extended by New COVID-19 Stimulus: Does Your Business Qua...
January 15, 2021 | Blogs
The Coronavirus Aid, Relief and Economic Security (CARES Act), signed into law on March 27, establis...
