New PPP Loan Forgiveness Guidelines and Applications Released (06-17-20)
A revised PPP loan forgiveness application and guidelines, and a new “EZ” loan forgiveness application, have been released to incorporate the changes made by the Paycheck Protection Program Flexibility Act and provide additional guidance. PRESS RELEASE – SBA and Treasury Announce New…
Read morePPP Loan Forgiveness Extension Bill Sent to President (06-04-20)
The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) was passed by the House and Senate and is now on its way to the President. The President has indicated that he will sign the bill. Key provisions of the…
Read moreFAQ: Did the new law change capital gains taxation?
How did the new tax law, TCJA, changed the Capital Gains Rates and the Kiddie Tax? New Brackets! The Tax Cuts and Jobs Act did not directly change the tax rate on capital gains: they remain at 0, 10, 15 and…
Read moreGOP to Move Tax Bills During Lame-Duck Session
Congressional Republicans are looking to move forward with certain legislative tax efforts during Congress’s lame-duck session. The House’s top tax writer, who will hand the reins to Democrats next year, has reportedly outlined several tax measures that will be a…
Read moreDemocratic Senators Introduce Retirement Savings Bill to Restore Obama-Era MyRA Program
The Senate Finance Committee’s (SFC) top ranking Democrat has introduced a bill to restore a retirement savings program known as myRA that was terminated by Treasury last year. The myRA program was created by former President Obama through an Executive…
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