REAL ESTATE & CONSTRUCTION
In the real estate and construction fields, there are many unique financial complications. Our assurance, outsourced accounting, audit, consulting, and tax services are all designed to help you navigate all aspects of these fields and to be prepared for whatever comes your way. We want to give you the tools your real estate or construction business needs to be successful.
PPP Loan Forgiveness- Possible Loosened Restrictions The House of Representatives has passed the Paycheck Protection Program Flexibility Act to the Senate on May 28, 2020 with a 417-1 vote.The bill will make qualifying for PPP loan forgiveness easier for borrowers by loosening some of the restrictions originally put in place as part of the CARES Act
Orange County COVID-19 Layoff Aversion Support Fund Program In breaking news, the California Employment Development (EDD) funded $700,000 to Orange County’s Workforce Development Board (OCWDB) in partnership with the Orange County Community Services- Community Investment Division. These funds have been put into the COVID-19 Layoff Aversion Support Program to help small businesses within the Orange
Extended Employee Benefit Plan Deadlines When the IRS issued Notice 2020-23, they provided needed guidance for business owners as a result of the extended July 15, 2020 deadline to file and pay taxes. This Notice is specifically regarding the “specified actions” and filing obligations that are normally due on or after April 1, 2020, pushing
Paycheck Protection Plan (“PPP”) Loans – Disbursement and Use of Loan Funds – Best Practice Guidelines If you’ve been approved for the Paycheck Protection Program loan, you may have been wondering what are the best practices for receiving and using the funds and documenting the expenses the funds are used on. We have compiled some guidelines
Let Us Help: Paycheck Protection Program If you’re like many business owners in the US today, you’re trying to get the most information possible about how to keep your business running. The CARES Act created new relief loans for small businesses called Paycheck Protection Program (PPP) loans. They are intended to encourage employers to keep
IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19 WASHINGTON — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer
Tax Update: Scams and Phishing Attempts During COVID-19 The IRS has released a statement urging taxpayers to remain extra vigilant for scams and phishing attempts during these uncertain times. With taxpayers receiving economic impact payments, it is expected that there will be a criminal effort to intercept these payments.