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Learn MoreThe time was right to sell. As the calendar turned to 2020, a tremendous amount of capital available from both buyers and lenders created a favorable market for sellers. For those of you who were hoping to take advantage of this favorable market, COVID-19 has come at an inopportune time, to say the...
Read MoreIn light of the COVID-19 pandemic, states continue to offer tax return filing and payment deferrals as well as other assistance measures, including employee retention and loan/financial assistance programs. Below highlights Pennsylvania’s efforts. To learn more about relief efforts identified in...
Read MoreBusinesses are experiencing unprecedented disruption from the COVID-19 pandemic. While everyone’s number one priority is maintaining workers’ health and safety, managing the economic impact of the crisis comes in a close second. Government leaders have stepped in with loan programs, FMLA expansions...
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act allows eligible employers to delay payments of employer payroll taxes for the duration of 2020. However, employers that receive an SBA Paycheck Protection Program 7(a) loan are ineligible for this deferral if and when that loan is...
Read MoreOn April 9, 2020, the Treasury released Notice 2020-23, further expanding the tax filing and payment relief previously provided to taxpayers in Notices 2020-18 and Notice 2020-20. The most discussed portion of Notice 2020-23 may be the postponement of estimated tax payments due on or after April...
Read More** This blog was updated on 6/8/20 as a result of new guidance from the Federal Reserve and the Treasury ** On April 9, 2020, the Federal Reserve introduced the Main Street Lending Program, aimed at providing expanded relief for small and medium sized businesses as part of the CARES Act. This new...
Read MoreCOVID-19 is extending beyond the health arena into every aspect of our work and personal lives. It’s safe to say that everybody’s lives have been dramatically affected. As businesses scramble to reevaluate their strategies for the rest of the year, U.S. regulatory agencies are looking into ways to...
Read MoreIn light of the COVID-19 pandemic, nearly every state is offering tax return filing and payment deferrals. In addition, federal, state and local authorities are offering business and their employees numerous assistance measures, including employee retention and loan/financial assistance programs,...
Read MoreRead "CARES Act Offers 14 Areas of Potential Tax Relief for Taxpayers" While the Paycheck Protection Program included in the CARES Act is geared toward loan forgiveness for small businesses, there are also alternative standards that may allow companies with more than 500 eligible employees to...
Read MoreA business continuity plan is a critical part of your SOC 2 preparation and risk management program. It’s so critical in fact that one of the SOC compliance requirements is to perform a “tabletop exercise” to test, at least annually, your business continuity plan in the event of a...
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