COVID-19 Resources

Tax Alert: IRS Extends Additional Tax Deadlines for Individuals to May 17, 2021

Tax Alert: IRS Extends Additional Tax Deadlines for Individuals to May 17, 2021 400 400 SAX LLP - Advisory, Audit and Accounting

The IRS has recently announced that individuals have until May 17, 2021 to meet certain tax deadlines that would normally fall on April 15. This extension includes the filing of…

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Paycheck Protection Program Deadline Extended

Paycheck Protection Program Deadline Extended 400 400 SAX LLP - Advisory, Audit and Accounting

President Biden signed the PPP Extension Act of 2021 into law on March 30, 2021, extending the date borrowers may apply for funding from March 31, 2021 to May 31,…

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SBA Targets Early April Opening of Restaurant Revitalization Fund Application Process

SBA Targets Early April Opening of Restaurant Revitalization Fund Application Process 400 400 SAX LLP - Advisory, Audit and Accounting

The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund (RRF) that was established by the American Rescue…

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IRS Extends Tax Filing Deadline for 2020 Individual Returns

IRS Extends Tax Filing Deadline for 2020 Individual Returns 400 400 SAX LLP - Advisory, Audit and Accounting

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,…

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March 10 CFO Focus: Post-Election Update: Planning and Market Trends

March 10 CFO Focus: Post-Election Update: Planning and Market Trends 150 150 SAX LLP - Advisory, Audit and Accounting

Amidst a global pandemic that has impacted our markets, we also had a transition of power to the Biden Administration.  Couple those together and a lot of questions arise as…

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Don’t Risk Loan Forgiveness with Sax’s PPP & PRF Advisory Services for the Healthcare Industry

Don’t Risk Loan Forgiveness with Sax’s PPP & PRF Advisory Services for the Healthcare Industry 400 400 SAX LLP - Advisory, Audit and Accounting

Your healthcare practice is on the road to recovery and you can start to see the light at the end of the tunnel.  Now you need to turn your attention…

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BIDEN-HARRIS ADMINISTRATION ANNOUNCES CHANGES TO THE PPP GEARED TOWARDS SMALLER BUSINESSES

BIDEN-HARRIS ADMINISTRATION ANNOUNCES CHANGES TO THE PPP GEARED TOWARDS SMALLER BUSINESSES 400 400 SAX LLP - Advisory, Audit and Accounting

In an effort to target smaller businesses, the Biden-Harris administration announced changes to the Paycheck Protection Program (PPP).  From Wednesday, February 24, 2021 – March 10, 2021, businesses with 20…

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STATE INCOME TAX TREATMENT OF PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS AND EXPENSE DEDUCTIONS

STATE INCOME TAX TREATMENT OF PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS AND EXPENSE DEDUCTIONS 400 400 SAX LLP - Advisory, Audit and Accounting

As a reaction to the economic conditions of the COVID-19 pandemic, the federal government has established a series of relief packages for businesses, including the Paycheck Protection Program (PPP). 

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DON’T LEAVE MONEY ON THE TABLE! Employee Retention Credit Now Available to PPP Loan Recipients

DON’T LEAVE MONEY ON THE TABLE! Employee Retention Credit Now Available to PPP Loan Recipients 400 400 SAX LLP - Advisory, Audit and Accounting

Due to legislation passed in late December 2020, eligible employers with a Paycheck Protection Program (PPP) loan can now claim the employee retention credit (ERC) when they previously could not.

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NJEDA Defers Pre-Registration Date for Phase 2 of the Small Business Emergency Assistance Loan Program

NJEDA Defers Pre-Registration Date for Phase 2 of the Small Business Emergency Assistance Loan Program 400 400 SAX LLP - Advisory, Audit and Accounting

The New Jersey Economic Development Authority (NJEDA) recently announced that the date for pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program, which was originally scheduled to…

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