Articles worth reading. Advisory letters worth re-reading.

March 31 2020

Coronavirus Emergency Loans — Link to Official Information

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

March 21 2020

Coronavirus Update 3/21/20

EMERGENCY UPDATE — Saturday, March 21 — To Our Clients: For your convenience, we have added an Emergency Update section to our website, where you can view this and all previous Coronavirus updates. Late yesterday afternoon, shortly after our 3/20/20 Coronavirus update was released, Pennsylvania announced that accounting and income tax preparation services will be […]

Continue Reading