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IRS News COVID Related

The IRS has posted a  few news updates this week (August 17, 2020): Pending Check Payments and Payment Notices - COVID Related If a taxpayer mailed a check with or without a tax return, it may be unopened in the…

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Small Business Fraud Is Up

  • August 4, 2020
  • Acc+

As the COVID-19 pandemic spread through the world, so too has fraudulent activity that affects small businesses. Crises like the COVID-19 pandemic offer a prime opportunity to prey on unsuspecting businesses while they are preoccupied with keeping their businesses afloat.…

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PPP Forgiveness Application Update

Banks are not accepting the Forgiveness applications yet. There is still some debate in Congress about whether or not PPP loans under a specific threshold ($150,000 was mentioned) might be forgiven outright or with a simple one-page application. The application,…

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PPP Application Deadline Is August 8

Small businesses still have until August 8 to apply for potentially forgivable loans via the Paycheck Protection Program (PPP), which was extended from its original June 30 deadline.  While a second PPP is under consideration in the Continuing Small Business…

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