On May 15, 2020, the Small Business Administration (SBA) issued the much-anticipated Loan Forgiveness Application (SBA Form 3508) for the Paycheck Protection Program (PPP). As described in Legacy News Flash 20-7, the recently enacted Coronavirus Aid, Relief and Economic Security (CARES) Act established the PPP to provide forgivable loans to small businesses and ... Read More ›
On the fifth anniversary of Partner Donna Hubert’s passing in August 2014, the Partners and Principals of Legacy Professionals LLP announced the creation of the Donna A. Hubert Memorial Scholarship Fund.
Donna was a 1979 graduate of the University of Illinois – Chicago, earning a degree in Accounting when women in the field were sufficiently rare. ... Read More ›
The Treasury Department issued Notice 2020-23 on April 9, 2020 providing additional relief for taxpayers affected by the ongoing COVID-19 pandemic.
Previous notices extended the filing and payment of 2019 federal income taxes due on April 15th until July 15, 2020, including the first quarter estimated tax payment.
The second quarter estimated tax payment due June 15th ... Read More ›