Oct 9, 2020 | COVID-19 Response, Firm Updates
The United States Small Business Administration (SBA) has issued an interim final rule which states that Paycheck Protection Program loan borrowers of $50,000 or less are exempted from any reductions in forgiveness based on reductions in full-time-equivalent (FTE)...
Sep 24, 2020 | Firm Updates, International Tax
Criminals often deal in cash, and sometimes, large amounts of it. To help combat money laundering, tax evasion, drug dealing, terrorist financing, and other criminal activities, the federal government has made it mandatory that a trade or business that receives more...
May 13, 2020 | COVID-19 Response, Firm Updates
The U.S. Department of the Treasury and the Small Business Administration have released updated Paycheck Protection Program FAQs which state that “any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2...
Mar 20, 2020 | COVID-19 Response, Firm Updates
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....
Mar 17, 2020 | COVID-19 Response, Firm Updates
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...
