Businesses that have managed to secure financing through the Paycheck Protection Program (PPP) are fortunate—but also saddled with a lot of red tape. Business owners and managers should be careful that they adhere strictly to the terms of the program in order to qualify for...
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or individual industry level, this pandemic is already changing the way...
If the IRS needs more information in order to send your Economic Impact Payment, please visit the IRS website to enter non-filer payment information. Non-Filer IRS Economic Impact Payment »...
On Thursday, April 2, the Internal Revenue Service (IRS) issued a warning concerning the development of new scams related to the coronavirus, particularly the recovery rebates legislated by the CARES Act. It is not surprising that criminals are taking advantage of the chaos resulting from...
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or individual industry level, this pandemic is already changing the way...
The Small Business Administration has released the latest guidelines for the Paycheck Protection Program. These guidelines were sent out on Friday, April 3, 2020, and are subject to change. Please contact your Blackman & Sloop advisor for the latest information. Click here to read the entire...
The U.S. Chamber of Commerce recently released a checklist and guide for small businesses as it relates to applying for coronavirus emergency loans. Small Business Guide to Emergency Loans » (.pdf)...
The U.S. Senate Committee on Small Business & Entrepreneurship recently prepared this guide to help small business owner’s understand the implications of the CARES Act. The Small Business Owner’s Guide to the CARES Act » (.pdf)...
Introduction With the continued spread of COVID-19 and its overwhelming effect on the global economy, we anticipate companies will experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will need to consider whether those issues, as well as operational disruptions to...
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have...
