Last week the SBA published the Paycheck Protection Program (PPP) Loan Forgiveness Application. Although the application is not overly technical, there is flexibility in borrower interpretation of information required which can affect the outcome of the loan amount. (UPDATE): The House approved legislation on May 28th, making it easier for recipients of the PPP to…
After extending the April 15 deadline for income tax payment earlier in the week, Treasury Secretary Steven Mnuchin today announced that the income tax filing deadline has been extended 3 months to July 15. This includes the extension of all income tax payments of any amount. Please note that the filing extension applies only to…
As part of an effort to provide some measure of tax relief during the COVID-19 outbreak, the IRS has pushed back the payment of taxes associated with the April 15 deadline to July 15, 2020. The income tax filing deadline of April 15 has not been changed, but the standard six-month filing extension is still available to…