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.
Bonus Depreciation Technical Correction for Qualified Improvement Property
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 the changes to bonus...
CARES Act Business Net Operating Loss (NOL) Provisions
UPDATED September 29, 2020 - New guidance has changed the handling of Net Operating Losses following the CARES Act of 2020. Read our blog update here. ORIGINAL POST - On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed...
CARES Act Unemployment Insurance Provisions
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law by President Trump on March 27th, 2020 enacted numerous changes to unemployment benefit assistance in the United States. In this blog, we detail some of the main changes to the program....
Employers Payroll Tax Payment Delay & Payroll Tax Deferral
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law by President Trump on March 27th, 2020 established a deferral program of certain payroll taxes for employers affected by the COVID-19 (Coronavirus) pandemic. Deferral Basics Payment of...
Employee Retention Credit for Employers
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law by President Trump on March 27th, 2020 established a refundable credit against an employer's payroll and railroad taxes for employers who were affected by COVID-19 (Coronavirus) but...
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...