The Paycheck Protection Program (PPP) of the CARES Act is in the process of being implemented by banks. The process has been somewhat rocky for several reasons, including the different releases by the Treasury Department and the Small Business Administration, concerns by banks about the impact of existing banking statutes and the gaps in the […]

As referenced in our prior Blogs, the CARES Act was signed by the President on Friday, March 27, and is now law. The Act has numerous provisions, one of which is the Paycheck Protection Program (PPP). PPP will provide loans to businesses for payroll and certain other costs. However, payroll taxes are not included in […]

As referenced in our prior Blogs, the CARES Act was signed by the President on Friday and is now law. The Act has numerous provisions, one of which is the Paycheck Protection Program (PPP). PPP will provide loans to businesses for payroll and certain other costs. One of the most significant provisions of these loans […]

The CARES Act was signed by the President on Friday and is now law. The Act has numerous provisions, one of which is the Paycheck Protection Program (PPP). PPP will provide loans to businesses for payroll and certain other costs. The big bonus is that these loans can be forgiven in the future. Mechanically, the […]

The CARES Act (Act) passed the House and was signed by the President on Friday. In theory, banks should be in business to lend under the Paycheck Protection Program (PPP) today, March 30. In summary, PPP allows banks to loan businesses enough funds to cover eight (8) weeks of payroll and certain other costs. Later, […]

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748 passed the Senate on March 25 and awaits House and then Presidential action. The following tax provisions in the Bill pertain to retirement plans in 2020. Required Minimum Distributions (RMD) The Act temporarily waives the required minimum distribution rules for 2020 for most retirement […]

Dear Clients: The Coronavirus Aid, Relief, and Economic Security (CARES) Act, aka the Stimulus Bill, was passed by the Senate March 25 and awaits House and Presidential action. It is a $2 trillion relief package intended to stimulate the economy that has been severely impacted by the pandemic. The Act is complex and contains a […]

Jessica Wiley, CPA, ABV has joined the Board of Directors and will serve as Treasurer of the Concord Coalition to End Homelessness. CCEH’s goal is safe, stable, and affordable housing for all, and it works to eliminate the causes of homelessness in the greater Concord, New Hampshire community through a coordinated, committed and active effort. […]

Dear Clients: We continue to monitor information as it becomes available regarding the coronavirus and how this information pertains to our staff, clients and their businesses. Our March 18 blog outlined that at that time, the tax payment deadline was deferred until July 15 but that the filing deadline of April 15 had NOT been […]

Dear Clients: We continue to monitor information as it becomes available regarding the coronavirus and how this information pertains to our staff, clients and their businesses. In particular, we are monitoring proposed changes to tax filing and tax payment requirements. We have noticed that there is some misinformation in the press and internet regarding tax […]