COVID-19 - Resources for You and Your Business

Our COVID-19 Resource Center is designed to keep you updated on the ongoing situation surrounding the pandemic and provide guidance during these unprecedented times. We will do our best to answer your questions and help you to understand the potential impact on you and your business – from Paycheck Protection Program (PPP) loan compliance and forgiveness to CARES Act accounting and tax-related provisions.

We continue to closely monitor developments and will keep you informed as more details become available. Please enjoy our webinars, alerts, news, and industry updates – all intended to help you navigate these unprecedented times with greater confidence and clarity in your business decisions. If you have any questions, please do not hesitate to contact us.

Access older content in our COVID-19 Resource Center Archives.

Legislative Updates: CARES Act, Consolidated Appropriations Act, American Rescue Plan Act, Payroll Protection Program (PPP), and Employee Retention Credit (ERC)

On-Demand Webinars

What Every Business Needs to Know About the Employee Retention Credit (Originally presented January 29, 2021)

This informative webinar provides an overview of the Employee Retention Credit, including which businesses and industries will qualify for the credit retroactively to 2020 and how they can be eligible in 2021; how the credit is calculated under the new rules; the various options to claim the credit; and the interaction of claiming the credit with PPP loan forgiveness.

Learn more about how Kreischer Miller can assist you with evaluating and taking advantage of the Employee Retention Credit.

On-Demand Webinar: Changes Ahead for the Paycheck Protection Program (Originally presented December 30, 2020)

On-Demand Webinar: PPP Loan Eligibility and Good Faith Certification: Preparing to Respond to a Loan Review (Originally presented August 20, 2020)

On-Demand Webinar: Walking Through the PPP Loan Forgiveness Application(Originally presented July 9, 2020)

On-Demand Webinar: PPP Loan Forgiveness – Latest Regulations, Application, & Flexibility Act (Originally presented June 22, 2020)

On-Demand Webinar: Update on the Paycheck Protection Program’s Loan Forgiveness Application (Originally presented May 22, 2020)

On-Demand Webinar: PPP Loan Forgiveness Update (Originally presented April 29, 2020)

On-Demand Webinar: What You Need to Know About Key Individual Tax Provisions in the CARES Act (Originally presented April 24, 2020)

On-Demand Webinar: Planning and Managing PPP Loan Forgiveness (Originally presented April 17, 2020)

On-Demand Webinar: What You Need to Know About Key Business Tax Provisions in the CARES Act (Originally presented April 6, 2020)

On-Demand Webinar: What You Need to Know About the Paycheck Protection Program Component of the CARES Act (Originally presented March 31, 2020)

Access older content in our COVID-19 Resource Center Archives.

 

Alerts

SBA Enhances COVID EIDL Program to Help Small Businesses (September 23, 2021)

As businesses continue to struggle with the lingering effects of the pandemic, and in particular the highly contagious Delta variant, the Small Business Administration (SBA) has stepped in to offer additional relief. It recently announced enhancements to its COVID Economic Injury Disaster Loan (EIDL) program designed to help small businesses that are in need of assistance.

SBA Announces Forgiveness Portal for Small PPP Borrowers (July 30, 2021)

In an effort to streamline the Paycheck Protection Program (PPP) forgiveness process, the SBA has launched a forgiveness application portal for borrowers with PPP loans of $150,000 or less.

SBA Drops PPP Loan Necessity Questionnaire for Loans Over $2 Million (July 12, 2021)

The SBA has informed lenders that it will no longer request the Loan Necessity Questionnaire as part of the PPP loan forgiveness process.

IRS Issues Safe Harbor for Expense Deductions in Connection with PPP Loans (April 27, 2021)

Tax Credit Available to Employers Providing Paid Time Off for COVID Vaccine(April 23, 2021)

DOL Issues FAQs on COBRA Premium Subsidy for Qualified Employees (April 19, 2021)

President Biden Signs Law Extending PPP Application Deadline to May 31, 2021 (March 30, 2021)

Key Tax Provisions in the $1.9 Trillion American Rescue Plan Act (March 11, 2021)

SBA Issues New Updates on the PPP (March 5, 2021)

New PPP Forgiveness Forms & Guidance on Second Draw PPP Loans Released (January 21, 2021)

New PPP Application Dates Announced (January 14, 2021)

The PPP is Reopening Today; When Can You Apply and What Else Do You Need to Know? (January 11, 2021)

Key Tax Provisions in the New Stimulus Package (January 8, 2021)

$900 Billion Coronavirus Relief Bill Awaits President Trump’s Signature; What’s Ahead for the Paycheck Protection Program? (December 23, 2020)

Congress Reaches Agreement on $900 Billion Coronavirus Relief Bill (December 21, 2020)

SBA Issues Update on PPP Loan Necessity Questionnaire
(December 11, 2020)

IRS Issues Clarification on Deductibility of Expenses Paid With PPP Loan Proceeds (November 20, 2020)

SBA Issues Questionnaires for PPP Borrowers With Loans $2 Million and Above (November 2, 2020)

New SBA Interim Final Rule Limits Related Party Rent and Clarifies the Owner-Employee Threshold (August 26, 2020)

How Private Companies Can Document Compliance with the PPP’s Good Faith Certification Regarding Access to Other Sources of Liquidity (August 10, 2020)

SBA Issues New Guidance on PPP Loan Forgiveness (August 5, 2020)

New SBA Interim Final Rule Addresses Early Applications for PPP Loan Forgiveness (June 24, 2020)

PPP Loan Forgiveness – Navigating the 8 vs. 24 Weeks Dilemma (June 23, 2020)

SBA Issues Revised PPP Loan Forgiveness Application Form and Instructions; Also Introduces New “EZ” Version (June 17, 2020)

SBA Clarifies 60 Percent Payroll Cost Requirement to Qualify for PPP Loan Forgiveness (June 9, 2020)

A Closer Look at the Employee Retention Credit Under CARES Act Section 2301 (April 7, 2020)

CARES Act Provisions that Apply to Individuals (April 2, 2020)

Key Business Tax Provisions in the CARES Act (April 1, 2020)

Fundamentals of the Paycheck Protection Program Aspect of the CARES Act (March 30, 2020)

The CARES Act and Your Retirement Plan (March 30, 2020)

$2 Trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act Signed Into Law (March 28, 2020)

Access older content in our COVID-19 Resource Center Archives.

 

The Families First Coronavirus Response Act

IRS Issues Additional Guidance on Paid Leave Tax Credits Included in the FFCRA (April 1, 2020)

COVID-19 Relief Bill Signed Into Law – Guidance on Paid Leave Provisions (March 20, 2020)

Access older content in our COVID-19 Resource Center Archives.

 

Additional Tax News

Key Tax Provisions in the New Stimulus Package (January 8, 2021)

Federal Tax Deadline Extended to May 17, 2021 (March 18, 2021)

PA and NJ Propose Tax Reform Legislation to Mitigate Pandemic’s Impact (February 5, 2021)

Webinar: What Every Business Needs to Know About the Employee Retention Credit (Originally presented January 29, 2021)

Key Tax Provisions in the New Stimulus Package (January 8, 2021)

Access older content in our COVID-19 Resource Center Archives.

 

General Business Guidance

On-Demand Webinar: COVID-19 Return to Work Strategies (June 24, 2020)

Join experts from Kreischer Miller, Connor Strong & Buckelew, and Semanoff Ormsby Greenberg & Torchia for this webinar that provides vital help for businesses that are developing a return to work strategy for employees.

On-Demand Webinar: Managing Your Business Through a Crisis (Originally presented April 15, 2020)

IT Tips for a Secure Remote Work Environment (March 23, 2020)

Access older content in our COVID-19 Resource Center Archives.

 

Information contained on this page should not be construed as the rendering of specific tax, accounting, or other advice. Material may become outdated and anyone using this information should research and update to ensure accuracy. In no event will the firm be liable for any damages, direct, indirect, or consequential, claimed to result from use of the materials contained here. Readers are encouraged to consult with their advisors before making any decisions.