Sciarabba Walker Blog
The information in these blog posts is provided for general informational purposes only and is not intended to substitute for accounting, tax, or financial advice from a professional accountant. While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this blog is current or error free. No part of this communication is intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
SBA Paycheck Protection Program
UPDATED 8/13/2020 - The Treasury Department and SBA have released new PPP loan and forgiveness FAQs. Read our blog covering the changes here. UPDATED 6/17/2020 - The Treasury Department and SBA have updated their Third and Sixth Interim Final Rules regarding the PPP...
Available Subsidies for Existing and New SBA Loans
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump in an effort to provide economic relief in the wake of the COVID-19 (Coronavirus) pandemic. Below, we outline some of the existing...
SBA Economic Injury Disaster Loans
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27, 2020, the United States Small Business Administration has opened the Economic Injury Disaster Loan Program to qualified entities who have been impacted by the...
CARES Act Stimulus Bill Breakdown
UPDATED 5/1/2020 - Sciarabba Walker hosted a webinar in the Tompkins Chamber of Commerce's Business Readiness series covering the current status of CARES Act relief programs and additional available COVID-19 relief assistance. Watch the webinar on the Chamber's...
COVID-19 Small Business Resources
UPDATED: April 17, 2020 - The U.S. Chamber of Commerce has announced a new grantmaking initiative offering short-term relief for small employers in the United States. To qualify, applicants must employ between 3-20 people and have been financially harmed by the...
COVID-19 (Coronavirus) Precaution Update
As the worldwide COVID-19 (Coronavirus) pandemic continues, we’d like to update our clients and community on the precautions we continue to take as a firm: All staff were given the option to work from home beginning on Monday, March 16. While financial service...
Treasury Department and New York State Extend April 15 Filing Deadline
Today, the Treasury Secretary Steven Mnuchin announced the Federal tax filing deadline had been extended from April 15 to July 15. Later in the day, New York Governor Andrew Cuomo announced that New York would extend the state tax filing deadline to July 15, as well....
Tax Payment Deadline Extended
Updated 3/20/2020: In response to the COVID-19 (Coronavirus) pandemic, the Treasury Department and Internal Revenue Service are extending the federal income tax payment deadline until July 15, 2020. Here are the specifics: Individuals and Trusts: Payment of up to $1...
The Difficulty of Valuing Virtual Currency
More investors than ever are contemplating adding virtual currency to their portfolio. Whether you are curious about Bitcoin, Ethereum, Facebook’s recent entry Libra, or any of the thousands of other virtual currencies available now, you may be thinking it is time for...
COVID-19 (Coronavirus) Statement to Clients
Please read our updated precaution statement by clicking here. Regarding the current outbreak of the Coronavirus (COVID-19), until further notice Sciarabba Walker will be taking the following precautions: All staff will be given the option to work from home starting...