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 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
By Jeff Koweno, CPA, Assurance Partner, and Calvin Rowland, CPA, Assurance Partner On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act. Under the CARES Act, the Small Business Administration began offering loans under … Continued
By Tammy WIlliams, HoganTaylor Consulting Executive Through the Oklahoma Department of Commerce (ODOC), Governor Kevin Stitt has designated up to $50 million dollars received by the State of Oklahoma from the Federal CARES act to provide economic support to some of the businesses adversely affected by COVID-19. … Continued
By Jason Shultz, CPA, HoganTaylor Assurance Partner Now that the Flexibility Act has been signed into law and the SBA has released the associated Interim Final Rules it’s time to evaluate the impact of these changes to the forgiveness application. In … Continued
