Below is a list of publications and thought leadership related to the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act and its business impact.
To browse more coronavirus-related thought leadership, please visit HoganTaylor’s Online COVID-19 Resource Center.
By Michelle Mann, CPA, Tax Senior Manager and Leah McLain, CPA, Advisory Practice Consulting Executive On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law. This legislation is a $2.3 trillion spending bill which includes $900 … Continued
UPDATE: This article has been updated to reflect the legislation’s passage into law on December 27, 2020 For more information on how this law impacts the Paycheck Protection program, read Updates to the Paycheck Protection Program On December 27th, congressional … Continued
UPDATE: This article has been updated to reflect the legislation’s passage into law on December 27, 2020 By Clay Glasgow, CPA, ABV, CFF, CFE, Advisory Partner and Leah McLain, CPA, Advisory Practice Consulting Manager For more information on the tax … Continued
By Clay Glasgow, CPA, ABV, CFF, CFE, HoganTaylor Advisory Partner On October 2, 2020, the SBA issued a Procedural Notice with guidance regarding changes in ownership of an entity that has received PPP funds. The Notice defines “change of ownership” … Continued
By Leah McLain, CPA, Advisory Practice Consulting Manager, HoganTaylor LLP. Background: Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program and Health Care Enhancement Act (PPPCHE), a $175 billion Provider Relief Fund was established … Continued
On August 24, the SBA issued an Interim Final Rule on the Paycheck Protection Program. The following questions are taken word for word from the IFR (emphasis and formatting added). To read the IFR in its entirety click here. Owners Are … Continued
By Jason Shultz, CPA, Assurance Partner, HoganTaylor LLP Many businesses have taken advantage of the R&D tax credit. With the pandemic, there are opportunities and legislation that could impact your credit. We’ve also found that far too many businesses have … Continued
By Leah McLain, CPA, Advisory Practice Consulting Manager, HoganTaylor LLP. The US Department of Health and Human Services (HHS) has been tasked with distributing $175 billion of CARES Act Provider Relief Funds to hospitals and healthcare providers involved with responding … Continued
By Leah McLain, CPA, Advisory Practice Consulting Manager, HoganTaylor LLP. On August 4, 2020, the US Small Business Administration (SBA) released a series of new Frequently Asked Questions (FAQs) specifically addressing Paycheck Protection Program (PPP) loan forgiveness. The FAQs can … Continued
By Denise Felber, CPA, Tax Partner We have a few brief but important updates for you. CARES Act Beginning January 1, 2020, the Care Act amended rules regarding retirement additions and distributions. The age when required minimum distributions (“RMD”) was … Continued
