Extension and Expansion of the Employee Retention Tax Credit
Newburg Staff Writers-January 4th, 2021 (1:00 PM) The latest stimulus package signed into law on December 27, 2020 under the Consolidated Appropriations Act of 2021 (the ‘Act’) provides some [...]
Massachusetts Launches $668M Relief Package for Certain Small Businesses
Newburg Staff Writers-December 24, 2020 (9:30AM) On December 23rd, Charlie Baker announced a $668 million Massachusetts program to provide help for small businesses within specific industries that have been [...]
PPP Provisions Under the New $900 Billion COVID-19 Relief Package
Newburg Staff Writers-December 22, 2020 (5:00PM) The new $900 billion Covid-19 relief package that passed Congress on Monday aims to support those struggling from the pandemic into the new [...]
New Stimulus Package Anticipated to Include Potential PPP Deductibility and Other Favorable Business Provisions
Newburg Staff Writers-December 21, 2020 (3:00PM) After significant back and forth and a multitude of renditions, congressional leaders on Sunday night brokered a deal totaling $900 billion in relief. [...]
PPP Deductions Guidance
PPP Deductions Guidance (Rev. Rul. 2020-27 & Rev. Proc. 2020-51) On November 18, 2020, the IRS released Rev. Rul. 2020-27 and Rev. Proc. 2020-51 providing much needed guidance [...]
SBA Rolls Out “Loan Necessity Questionnaire” for Borrowers with PP Loans over $2M
Earlier in the year, the Small Business Administration (SBA) announced in an updated FAQ on the program that it will be auditing all Paycheck Protection Program (PPP) loans of $2 million or more. [...]
Restaurant “Winterization” Grant Announced from Greg Hill Foundation & GrubHub
The Greg Hill Foundation has teamed up with GrubHub to create a new grant opportunity for restaurants through Restaurant Strong Fund. To support Restaurant owners in their efforts to [...]
Tax Implications of Working from Home and Collecting Unemployment
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. 1. Working from home. Many [...]
Back-to-School Tax Breaks on the Books
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain [...]
TOP TECH BALANCING ACT IN 2020: INNOVATION VS. RISK
The technology industry is proving out its resilience. As every industry responds to change and disruption, tech companies are being relied upon more than ever to accommodate remote work, [...]