In Colorado, a question amongst businesses has recently come up related to the Colorado State Work-Share program and whether that program would nullify the federal Paycheck Protection Program (PPP). A lot of businesses are asking, could a company use both of these programs?
Learn moreOn Thursday, April 9, the IRS published Revenue Procedure 2020-22, allowing taxpayers who made an irrevocable election out of the interest expense limitation of Section 163(j) as a “real property trade or business” on a 2018 or 2019 tax return to undo the election.
Learn moreOn April 10, 2020, the IRS released guidance on the employment tax deposit deferral that came as part of the CARES Act.
Learn moreLaw enforcement around the world are sending out alerts warning of increased attacks and fraud attempts as the world deals with the COVID-19 pandemic.
Learn moreThe CARES Act will release billions of dollars in federal funding into the system to be administered by states and federal agencies.
Learn moreIntensive research is underway for the development of a vaccine, rapid testing methods, and other new technologies during the COVID-19 global pandemic.
Learn moreOn April 9, 2020, the IRS released Notice 2020-23, which automatically postpones due dates for payments, returns, and form filings specified in the notice to July 15th, 2020.
Learn moreToday, April 10, 2020, the Department of Health and Human Services (HHS) began the delivery of $30 billion in relief funding to support healthcare-related expenses or lost revenue attributable to the COVID-19 pandemic.
Learn moreRecently, governments and businesses have launched various programs and changes to help those affected financially by the COVID-19 pandemic.
Learn moreDuring the first two weeks of unpaid expanded family and medical leave, you may not simultaneously take paid sick leave under the EPSLA and preexisting paid leave, unless your employer agrees to allow you to supplement the amount you receive from paid sick leave with your preexisting paid leave, up to your normal earnings.
Learn moreOn April 8th, 2020, the Internal Revenue Service released Rev. Proc. 2020-23.
Learn moreBusinesses and organizations have various loan options available to help offset financial hardship and uncertainty caused by the COVID-19 pandemic.
Learn moreThe PPP Loan was signed into law on March 27, 2020, as part the CARES Act. Although guidance on the PPP Loans are evolving, here is a summary of what you need to know.
Learn moreThe Government Accounting Standards Board (GASB) is working on several projects right now that could provide highly anticipated relief to the public sector.
Learn moreThough many sectors of the economy have been brought to a halt by COVID-19, global hospitals are under enormous pressure to meet the current high demand of incoming patients suffering from this respiratory illness.
Learn moreCOVID-19 continues to impact us all across the country, and recent legislation provides support to those struggling to navigate these uncertain times.
Learn moreThe spread of the Coronavirus Disease (COVID-19) is currently causing significant economic hardship to the United States and the world.
Learn moreCOVID-19 has obviously sent shock waves through the global economy and disrupted, on a massive scale, normal consumer behavior patterns, stalling a bullish economy into a decline. With the passage of the CARES Act, many businesses, including those controlled by private equity, were hopeful for relief.
Learn moreOn Saturday, March 28, 2020, the US Centers for Medicare & Medicaid Services (CMS) announced an expansion of its Accelerated and Advance Payment Program (APP) for Medicare providers as part of the CARES act passed by the federal government.
Learn moreWith institutions of higher education being some of the earliest organizations impacted by the pandemic, the CARES Act provides some relief to institutions as well as students.
Learn more