COVID-19 Resources

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 - 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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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 - 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 small businesses, as well as state and local governments.

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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 - 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 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 - 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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Additional PPP Certification Requirements

Additional PPP Certification Requirements 400 400 SAX - Advisory, Audit and Accounting

In a continuing effort to clarify the questions and uncertainties surrounding the Payroll Protection Program (PPP), the SBA issued another set of FAQs on Thursday, April 23, 2020.

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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 - Advisory, Audit and Accounting

On Friday, the “Paycheck Protection Program and Health Care Enhancement Act” was signed into law.  Dubbed as “CARES 2”, the Act provides a second round of federal stimulus funding that…

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Alert: More Funding Added Under “CARES 2” for Businesses Impacted by COVID-19

Alert: More Funding Added Under “CARES 2” for Businesses Impacted by COVID-19 400 400 SAX - Advisory, Audit and Accounting

The President signed the “Paycheck Protection Program and Health Care Enhancement Act” on April 24, 2020. The Act dubbed as “CARES 2” provides for additional funding to the tune of…

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WATCH THE WEBINAR: STATE AND LOCAL TAX IMPACT AND IMPLICATIONS FROM COVID-19

WATCH THE WEBINAR: STATE AND LOCAL TAX IMPACT AND IMPLICATIONS FROM COVID-19 400 400 SAX - Advisory, Audit and Accounting

The COVID-19 pandemic has significantly impacted the fiscal conditions in our states, and taxing jurisdictions are responding with mitigating actions to provide relief to businesses and individuals alike, while protecting…

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WATCH THE WEBINAR: PREPARING FOR RECOVERY – MANAGING FORGIVABLE AND UNFORGIVABLE LOANS

WATCH THE WEBINAR: PREPARING FOR RECOVERY – MANAGING FORGIVABLE AND UNFORGIVABLE LOANS 400 400 SAX - Advisory, Audit and Accounting

The COVID-19 pandemic has significantly impacted the fiscal conditions of our businesses, but now is the time to prepare and plan for recovery through the vehicles of relief that have…

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Greater Transfer of Wealth and Alternative Valuation Dates

Greater Transfer of Wealth and Alternative Valuation Dates 400 400 SAX - Advisory, Audit and Accounting

The COVID-19 pandemic has created much uncertainty related to the future cash flow of businesses, their ability to pay debt obligations, and even their survival.  However, from another perspective, this…

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SAX - Advisory, Audit and Accounting