COVID-19

New SBA Guidance

New SBA PPP Guidance: Employee Headcount Rules Relaxed for Certain Loan Applicants

New SBA PPP Guidance: Employee Headcount Rules Relaxed for Certain Loan Applicants 400 400 SAX LLP - Advisory, Audit and Accounting

On May 18, 2020, the Small Business Administration (SBA) issued an additional Interim Final Rule surrounding certain circumstances in which aggregated affiliated borrower employee headcount exceeds 500. Provided the PPP…

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New SBA Guidance

PPP Loan Forgiveness Update: SBA Releases Loan Forgiveness Application Form

PPP Loan Forgiveness Update: SBA Releases Loan Forgiveness Application Form 400 400 SAX LLP - Advisory, Audit and Accounting

On May 15, 2020, the Small Business Administration (SBA), in consultation with the Treasury Department, released the Paycheck Protection Program (PPP) Loan Forgiveness Application Form.  A complete copy of the…

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New SBA Guidance

New SBA PPP Guidance: Partnerships May Be Eligible to Increase Existing PPP Loans

New SBA PPP Guidance: Partnerships May Be Eligible to Increase Existing PPP Loans 400 400 SAX LLP - Advisory, Audit and Accounting

The SBA issued an additional Interim Final Rule on May 14, 2020.  This latest Interim Final Rule includes a provision that allows qualifying partnerships to increase the amount of their…

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Real Estate

WATCH THE REAL ESTATE WEBINAR: ACCELERATING CASH FLOW THROUGH COVID-19 TAX PROVISIONS FOR OWNERS & OPERATORS

WATCH THE REAL ESTATE WEBINAR: ACCELERATING CASH FLOW THROUGH COVID-19 TAX PROVISIONS FOR OWNERS & OPERATORS 400 400 SAX LLP - Advisory, Audit and Accounting

We invite you to watch our informative Real Estate webinar as we review the specific tax provisions and incentives in the CARES Act that benefit owners and operators.  We are…

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PPP

PPP Certification Requirements Update: Deadline to Return Funds Extended to May 18, 2020

PPP Certification Requirements Update: Deadline to Return Funds Extended to May 18, 2020 600 600 SAX LLP - Advisory, Audit and Accounting

The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers.  To recap, SBA FAQ #31 augments the existing borrower good faith certification…

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Heroes Act

House of Representatives Unveils The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act

House of Representatives Unveils The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act 400 400 SAX LLP - Advisory, Audit and Accounting

On May 12, 2020, the House of Representatives released a $3 trillion, phase four economic relief package.  Dubbed “The HEROES Act”, The Health and Economic Recovery Omnibus Emergency Solutions Act…

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PPP

PPP Certification Requirements Update: Deadline to Return Funds Extended to May 14, 2020

PPP Certification Requirements Update: Deadline to Return Funds Extended to May 14, 2020 600 600 SAX LLP - Advisory, Audit and Accounting

The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds of potential borrowers.  To recap, the SBA’s recently released FAQ #31 augments the existing borrower…

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Federal Reserve

Main Street Lending Program: Federal Reserve Updates Terms, Increasing Funding Availability and Borrower Eligibility

Main Street Lending Program: Federal Reserve Updates Terms, Increasing Funding Availability and Borrower Eligibility 400 400 SAX LLP - Advisory, Audit and Accounting

On April 9, 2020, the Federal Reserve released terms surrounding the Main Street Lending Program, part of a historic $2.3 trillion loan and liquidity package designed to aid households and…

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May 7 Weekly Update

Weekly Update on Preparing for Recovery: Loan Options and Forgiveness Strategies

Weekly Update on Preparing for Recovery: Loan Options and Forgiveness Strategies 400 400 SAX LLP - Advisory, Audit and Accounting

On April 30, 2020, the IRS provided much awaited clarity surrounding the federal tax implications of funds received under the Paycheck Protection Program (PPP).  Specifically, the IRS has confirmed that…

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PPP

PPP Update: IRS Provides Guidance Regarding the Tax Deductibility of Expenses Paid with PPP Funds

PPP Update: IRS Provides Guidance Regarding the Tax Deductibility of Expenses Paid with PPP Funds 600 600 SAX LLP - Advisory, Audit and Accounting

On April 30, 2020, the Internal Revenue Service (IRS) released Notice 2020-32, providing clarity surrounding the federal tax implications of funds received under the Paycheck Protection Program (PPP).  Specifically, the…

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SAX LLP - Advisory, Audit and Accounting