News & Info
Forgiveness Guidance is Here
On Friday night, May 15th, the Small Business Administration (SBA) finally provided some actionable guidance on PPP forgiveness. The guidance is in the form of the actual forgiveness application. Forgiveness for loans under $2M will be handled by your lender and...
PPP Loan Forgiveness
As businesses begin to receive funds from the Paycheck Protection Program (PPP), understanding the forgiveness portion of the program is essential. The key to loan forgiveness will be spending the funds on the proper expenses in the eight weeks immediately following...
Interim Final Rule of the Paycheck Protection Program
With an effort to keep everyone informed, we wanted to provide an update to the Paycheck Protection Program, which is the Small Business Administration 7(a) lending program, we are sure you have become familiar with. Last night, on April 2nd, the final rules were...
Payroll Tax Credits Q&A
The coronavirus relief bill signed by President Donald Trump late Wednesday contains, among its many provisions, several tax credits for employers who provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus-related...
Coronavirus Aid, Relief, and Economic Security (CARES) Act
Congress has reached a bipartisan compromise on a $2 trillion economic stimulus package to address the economic impact caused by the COVID-19 outbreak titled the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill includes provisions from the Keeping...
Navigating Through COVID-19
In the last month companies of all sizes have taken a big hit from the COVID-19 pandemic which has gutted their profits and affected their ability to keep operations afloat. In these turbulent times, the State of California is responding to the COVID-19 effect on...
With Little Fanfare, IRS Releases Radically New Form W-4
The IRS has been promising a new version of Form W-4, Employee's Withholding Certificate, for some months, and it recently published it, with a brief announcement in its e-News service. The form is very similar to a draft version published earlier in 2019. Although...
Nondeductible Portion of Qualified Parking Fringe Benefits
Do you provide parking for your employees? If you are like most employers, the answer is probably yes. The IRS deems you as providing parking fringe benefits to your employees if you are paying a third party for parking, leasing a building or suite that includes...