News & Articles

PPP Application Deadline Extended in New Law

Posted on Tue, Apr 06, 2021

On March 30, 2021, President Biden signed legislation to extend the application period of the popular Paycheck Protection Program (PPP) through May 31, 2021. This followed a bipartisan 92-7 vote in the U.S. Senate to pass the Paycheck Protection Program Extension Act of 2021.

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Tags: Deadlines, Paycheck Protection Program, PPP

COVID-19 Tax Relief: Roundup of Postponed Federal Tax Deadlines

Posted on Wed, Jun 24, 2020

As a COVID-19 relief measure, the IRS has postponed many of the usual federal tax filing and payment deadlines, along with the deadlines for taking certain other tax-related actions. Generally, deadlines for federal income tax return filing and payments that would otherwise fall on or after April 1 and before July 15 have been postponed to July 15. The postponement applies to certain other deadlines as well. This relief, while welcome, has created confusion. Here's what individuals and business owners should know to manage their tax calendars through July 15.

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Tags: CPA Firm, Tax Deadline, COVID-19, Paycheck Protection Program

Family Business Tax-Saving Moves in The COVID-19 Era

Posted on Wed, Jun 03, 2020

Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there's a silver lining: Proactive tax planning can help your family business take advantage of potential opportunities in the COVID-19 era. Here are some tax-smart ideas to consider whether you live in the West Michigan community or elsewhere in the United States. 

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Tags: Business Owner, COVID-19, Paycheck Protection Program

How to Plan for a PPP Audit

Posted on Mon, Jun 01, 2020

The Small Business Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well as to prepare for the subsequent government audit.

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Tags: Audit, Paycheck Protection Program, cares act

Coronavirus Relief Options

Posted on Mon, Apr 06, 2020
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Tags: Employers, Checklist for Small Businesses, COVID-19, Paycheck Protection Program

Paycheck Protection Program

Posted on Thu, Apr 02, 2020

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Tags: COVID-19, Paycheck Protection Program