March 31 2020
SBA Loans — Link to Official Information
EMERGENCY UPDATE — Tuesday, March 31 — Pennsylvania’s disaster declaration has been approved by SBA and businesses are able to apply for an SBA Economic Injury Disaster Loan (EIDL) online at https://disasterloan.sba.gov/ela.
EMERGENCY UPDATE — Tuesday, March 31 — From the introduction to the guide: “The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven […]
March 27 2020
Coronavirus Update 3/27/20
EMERGENCY UPDATE — Friday, March 27 — To our clients: The Coronavirus Aid, Relief, and Economic Security Act (CARES) was passed by the Senate yesterday and was just passed by the House. It will now go to the President who is expected to sign the bill. In addition to numerous tax incentives, a significant benefit […]
March 26 2020
Coronavirus Update 3/26/20
EMERGENCY UPDATE — Thursday, March 26 — To our clients: At long last, the Senate has passed a $2.2 trillion economic stimulus bill. The Coronavirus Aid, Relief, and Economic Security Act (CARES) is the most expensive piece of tax legislation ever passed. The House now has the opportunity to modify the bill and the President […]
March 23 2020
Coronavirus Update 3/23/20
EMERGENCY UPDATE — Monday, March 23 — To Our Clients: In our Coronavirus Update on March 21, 2020, it was still uncertain whether Pennsylvania would extend the due date for 2019 income tax returns and tax payments beyond the normal April 15 deadline. Not long after that email was sent, it was announced that the […]