Staffing

FAQs: Understanding the New Paycheck Protection Program

[UPDATED 5/26/2020] The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law on Friday, March 27, 2020. In addition to expanded unemployment benefits and tax changes, the CARES Act includes the Paycheck Protection Program (PPP), a significant opportunity for small businesses, nonprofit organizations and sole proprietors that... Read more

If You Guessed PPP Loans Are Tax-Free, Guess Again

Many small businesses have been approved for and now may have received loans through the Paycheck Protection Program (PPP). The PPP was created as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), passed in April, 2020. The PPP loans may not have to be repaid... Read more

IRS Extends Additional Deadlines

In this time of widespread uncertainty, the Department of Treasury and the Internal Revenue Service have attempted to calm some nerves by announcing the extension of several deadlines for both individuals and businesses. Below is a summary of the most recent changes published in Notice 2020-23. Extension of time... Read more