Following up on Notice 2020-32 issued in May 2020, the IRS has released Revenue Ruling 2020-27 & Revenue Procedure 2050-51 to provide guidance to taxpayers in relation to deductions for expenses covered by the Paycheck Protection Program (PPP) loans.
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In what is likely the first step in the audit process for borrowers that received Paycheck...
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Ransomware is a type of malicious software that encrypts computer files and systems to prevent...
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The COVID-19 pandemic has brought so many different concerns to the forefront for employers,...
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On Friday evening, August 28th, 2020, the IRS and Department of the Treasury released Notice...
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We’ve spent the last 5 months answering questions for New York City tenants on how to: navigate rent payment solutions and lease restructuring for existing leases, leverage the COVID-19 NYC real estate market for new or renewed leases, and redesign existing spaces amid social distancing and flexible work strategies to optimize reopening.
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The whole world has been put on pause because of the COVID pandemic, and for many business owners, the same holds true for their business. We are so bogged down in understanding changing regulations, worrying about CDC guidelines, and getting caught up in the minutia of getting through another COVID quarantine day, that our businesses and our psyche have suffered. Instead of looking at this as another day in the COVID pandemic doldrums, why not use this as a time to try to reinvigorate your business by infusing new energy and strategies.
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1 in 5 working adults are exhausted — physically, mentally, and financially — as they struggle to manage care for aging, chronically ill, or disabled family members. Despite the prevalence, there is no support or infrastructure to help, and many caregivers risk their careers, personal well-being, and finances to help manage care.
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After failing to find a compromise on a new stimulus package by the self-imposed deadline of August 7th, 2020, President Trump issued a new executive order on Saturday August 8th that would defer the withholding of employee payroll taxes. The executive order presents many immediate questions and challenges for employers and it is also likely to face several political challenges over the next few weeks.
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For weeks, since the last update in June 2020, there have been rumors and reports in professional circles regarding the SBA releasing a new or updated FAQ with around 30 questions that would assist borrowers in their forgiveness calculations. The SBA posted a new update on August 4, 2020 that is believed to be this massive promised update.
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After the initial passing of the CARES Act and subsequent extensions there were daily and...
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The FBI is warning the public to be on the lookout for unemployment benefits fraud. A significant spike has been seen due to COVID-19 related claims filed using stolen identities.
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