The IRS is providing a safe harbor for eligible educators to deduct certain unreimbursed COVID-19-related expenses. The safe harbor applies to expenses for personal protective equipment, disinfectant, and other supplies used for the prevention of the spread of COVID-19 in the classroom, paid or incurred after March 12, 2020. All amounts remain subject to the ... Read More ›
To our valued clients,
I wanted to provide some updates on the steps we are taking to meet the challenge of COVID-19. In the current environment, the health and well-being of our employees and clients is at the forefront of our thoughts and actions.
That being said, we will continue to utilize remote working for our employees. ... Read More ›
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 ›