CARES Archives - BeachFleischman CPAs

PPP forgiveness and repayment: What businesses need to know now

July 22, 2021 July 28, 2021 Tax Department COVID-19, Tax Bites CAA, CARES, EIDL, PPP, PPP Loan Forgiveness, PPP Loans, SBA

If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?

American Rescue Plan Act of 2021 – A Closer Look

June 1, 2021 July 22, 2021 Tax Department COVID-19, Hospitality, Tax Bites ARPA, CAA, CARES, COBRA, COVID-19, ERC, FFCRA, RRF

The American Rescue Plan Act of 2021 was signed into law on March 11, 2021. We’ve gathered highlights of noteworthy ARPA provisions for businesses and individuals.

PPP application deadline extended

March 30, 2021 Tax Department COVID-19, Tax Bites ARPA, CAA, CARES, COVID-19, PPP, PPP Extension Act of 2021, PPP Loans, SBA

Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.

The American Rescue Plan Act has passed: What’s in it for you?

March 11, 2021 July 22, 2021 Tax Department COVID-19, Tax Bites American Rescue Plan, ARPA, CAA, CARES, child tax credits, COVID-19, economic relief, ERC, PPP

The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?

PPP adjusted to prioritize very small businesses

March 4, 2021 March 10, 2021 Tax Department COVID-19, Tax Bites CARES, COVID-19, Paycheck Protection Program, PPP, SBA, small business

The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.

Did you make donations in 2020? There’s still time to get substantiation

February 18, 2021 Tax Department Tax Bites CAA, CARES, charitable donations, donations, substantiation requirements, tax planning

In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?

Employee Retention Credit – The Rules Become More Liberal, More Complex

February 16, 2021 July 22, 2021 Tax Department COVID-19, Tax Bites ARPA, CAA, CARES, COVID-19, employee retention credit, ERC, payroll taxes, social security

Learn about the recent tax law changes affecting the employer retention tax credit, potential benefits, and more

How Congress is Planning to Rescue Restaurants Through Tax Deductions

February 5, 2021 March 19, 2021 Benjamin Schutt Hospitality, Tax Bites CAA, CARES, COVID-19, deductible expenses, meals and expenses, restaurants, tax deductions

Lawmakers seek to tweak an existing business deduction to boost the restaurant industry’s bottom line and put thousands back to work.

Late 2020 Tax Legislation Provides Targeted Tax Relief

January 18, 2021 July 22, 2021 Kim Paskal COVID-19, Tax Bites CAA, CARES, employee retention credit, ERC, PPP Loans, tax relief

On December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA, 2021) was signed into law by the President. The CAA, 2021 is the fourth major relief legislation enacted in response to the coronavirus pandemic. Some of the provisions grant retroactive relief to 2020.

Need another PPP loan for your small business? Here are the new rules

January 6, 2021 February 2, 2021 SOAR COVID-19, SOAR CAA, CARES, PPP, PPP Loan Forgiveness

Could your small business use another cash infusion from the Paycheck Protection Program? The new COVID-19 relief law makes this a distinct possibility if you qualify.

Tag: CARES