IRS Provides Guidance on Reporting Qualified Sick and Family Leave Wages Paid
July 24, 2020 - The IRS has provided guidance on how employers are to report qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act.
IRS to Notify Organizations with a Delay with Advance Payment of Employer Credits
July 24, 2020 - The IRS will send letters to taxpayers experiencing a delay in the processing of Form 7200, which is used to claim employer tax credits for paid sick leave and expanded Family Medical Leave Act benefit payments as provided in the Families First Coronavirus Response Act.
Applying for PPP Loan Forgiveness
July 17, 2020 - A comprehensive look at Paycheck Protection Program (PPP) loan forgiveness, including changes arising from the enactment of the Paycheck Protection Program Flexibility Act of 2020 and subsequent SBA guidance.
Webcast: Review of Recent PPP Loan Forgiveness Application Interim Final Rules
June 1, 2020 - The U.S. Department of Treasury and the Small Business Administration (SBA) have released new interim final rules regarding PPP loan forgiveness. Watch this recorded webcast for a discussion of what we’ve learned to date.
Watch for These Errors When Filing for COVID-19-Related Employer Credits
April 23, 2020 - The IRS is warning employers to watch out for these common mistakes when filing Form 7200, Advance Payment of Employer Credits Due to COVID-19.
IRS Releases FAQs About Tax Filing and Payment Extensions
March 26, 2020 - The IRS has released answers to frequently asked questions about the July 15 extension of filing and payment deadlines due to the COVID-19 pandemic. Here are a few things to note.