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.  

real estate & construction cpa firm

New PPP Loan Forgiveness Application for Loans $50,000 or Less 

New PPP Loan Forgiveness Application for Loans $50,000 or Less     The Department of Treasury introduced a new, easier loan forgiveness application on October 8, 2020 for companies that have received PPP loans of $50,000 or less. No calculations for loan forgiveness are needed as borrowers won’t be subject to FTE or wage reductions. Borrowers

Deferring Employee Payroll Taxes 

Deferring Employee Payroll Taxes    The U.S. Treasury and IRS have released the initial guidance, Notice 2020-25, to put into operation the President’s Executive Order, which allows employers to defer employee payroll taxes beginning on September 1, 2020. It’s important to note that this relief is intended for the employer, not the employee. The employer is the “affected taxpayer” in this Executive Order. 

PPP Interim Final Rule: Owner-Employee Compensation and Eligible Nonpayroll Costs

PPP Interim Final Rule: Owner-Employee Compensation and Eligible Nonpayroll Costs On Monday, August 24, 2020, the Small Business Administration (SBA) and U.S. Treasury released an interim final rule that gave further guidance on the Payroll Protection Program (PPP) loan forgiveness for owner-employee compensation and eligible nonpayroll costs.  

PPP Loan Forgiveness Updates - Live Webinar 

PPP Loan Forgiveness Updates Webinar  Come join our webinar to get more information on the PPP loan forgiveness process. We will show you what the updated eligible expenses are, cover the new Paycheck Protection Flexibility Act, go through the new Interim Final Rule, and walk you through the rules for loan forgiveness. We want to

Paycheck Protection Program Reminder  

Paycheck Protection Program Reminder  Just as a reminder, the Paycheck Protection Program (PPP) Loan application deadline is today (June 30, 2020). With today being the last day to apply for a PPP loan, there is no more time to wait if you have decided that this program is the right thing to do for your business. You will need to have

Orange County Grant Small Business Relief Program 

Orange County Grant Small Business Relief Program Would you like a grant of up to $10,000 from Orange County to help your small business? Read this today—help may be on the way! In general, the grants require that your business was affected by the COVID-19 Pandemic. The qualifications are generous, and different programs have different

Senate Passes Paycheck Protection Program Flexibility Act

Senate Passes Paycheck Protection Program Flexibility Act  As expected, the Senate has passed the House of Representatives’ version of the Paycheck Protection Program (PPP) Flexibility Act on June 3, 2020.This legislation will remove many restrictions from the original PPP terms while still allowing businesses to maximize forgiveness.  

PPP Loan Forgiveness - Possible Loosened Restrictions

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

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