"Answers Beyond the Numbers ....."
EIDL loans, restaurant grants offer relief to struggling small businesses - Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options. (March 31, 2021) Click here for full article
PPP application deadline extended - Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program. (March 30, 2021) Click here for full article
4 Ways to improve the effectiveness of your audit committee - Does your audit committee need a makeover to tackle what lies ahead? Here’s guidance to devise a proactive governance and oversight agenda for 2021. (March 26, 2021) Click here for full article
Make the most of employee retention credit - Is your business taking full advantage of the Employee Retention Credit? (March 19, 2021) Click here for full article
Extended tax filing deadline provides relief to individual taxpayers and the IRS - Due to the pandemic and an unprecedented backlog of tax returns waiting to be processed, the IRS has postponed the federal tax filing deadline to May 17, 2021. (March 18, 2021) Click here for full article.
New COVID-19 relief law extends employee retention credit - The recent signing of the American Rescue Plan Act (ARPA) brings potentially good news for many business owners: the employee retention credit (ERC) has been extended again. The ERC was originally introduced under the CARES Act to provide tax relief to companies that retain employees during the COVID-19 pandemic. It was then extended and enhanced under the Consolidated Appropriations Act. The ARPA further extends the ERC from June 30, 2021, until December 31, 2021. It also extends the higher percentage of 70% of qualified wages, as well as the allowance for up to $10,000 in eligible wages for any calendar quarter. We can explain further and help you determine whether your business qualifies. (March 17, 2021) Click here for full article
New legislation proposes to help "rescue" nonprofits - No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of not-for-profit workers — nearly one million people — lost their jobs between February 2020 and January 2021. An even higher percentage of arts and education organizations lost jobs last year. Although the nonprofit sector received higher-than-usual donations in 2020, many nonprofits that sought COVID-19-related loans were shut out. (March 17, 2021) Click here for full article.
The American Rescue Plan Act has passed: What's in it for you? - The latest COVID-19 related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?. (March 10, 2021) Click here for full article.