COVID-19 Business Resources

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INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS

INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS 900 600 SAX LLP - Advisory, Audit and Accounting

The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for wages paid after September 30, 2021 for many employers.  Recovery startup businesses, however, may continue…

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Paycheck Protection Program

SBA TO OPEN STREAMLINED PPP LOAN FORGIVENESS PORTAL ON AUGUST 4

SBA TO OPEN STREAMLINED PPP LOAN FORGIVENESS PORTAL ON AUGUST 4 400 400 SAX LLP - Advisory, Audit and Accounting

The Small Business Administration (SBA) will open an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their…

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Financial Relief

ADDITIONAL RELIEF ANNOUNCED FOR NEW JERSEY SMALL BUSINESSES & INDIVIDUALS

ADDITIONAL RELIEF ANNOUNCED FOR NEW JERSEY SMALL BUSINESSES & INDIVIDUALS 400 400 SAX LLP - Advisory, Audit and Accounting

On May 7, 2021, New Jersey Governor Phil Murphy announced an additional $275 million in aid is on its way for small businesses and individuals hit hard by the COVID-19…

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Paycheck Protection Program Loan

SBA CEASES ACCEPTANCE OF MOST NEW PPP APPLICATIONS

SBA CEASES ACCEPTANCE OF MOST NEW PPP APPLICATIONS 400 400 SAX LLP - Advisory, Audit and Accounting

On May 4, 2021, the Small Business Administration (SBA) announced that the funds allocated to the Paycheck Protection Program (PPP) general fund had been exhausted.  While Congress recently reached an…

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restaurant

Restaurant Revitalization Fund (RRF) Must Know Topics

Restaurant Revitalization Fund (RRF) Must Know Topics 400 400 SAX LLP - Advisory, Audit and Accounting

The Restaurant Revitalization Fund is a critical and exciting opportunity for the restaurant industry.  While it’s another helpful program, it also requires attention to detail.  Below are the topics you…

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PPP deadline extended

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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Restaurants

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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Healthcare

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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PPP Small Business

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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PPP Application

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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SAX LLP - Advisory, Audit and Accounting