COVID-19 Resource Center
Helping you prepare for the impacts of COVID-19
PPP Loan Forgiveness – On Demand Webinar, Watch Now!
The application form for PPP loan forgiveness has finally been released! There are several measures and exceptions involved in this critical part of the PPP, so it’s important to get all the details so your application goes smoothly, and to ensure you maximize your loan forgiveness. Watch our on-demand webinar, where we go over the application itself, demonstrating our in-house loan forgiveness tool and walking you through a step-by-step example of the calculations involved.
Resources to help you tackle the threats from COVID-19
Disruptions caused by the novel Coronavirus (COVID-19) continue to mount as economic turbulence worsens. With so much up in the air with the COVID-19 outbreak, we’re getting questions about short-term loan options, available tax credits, managing cash flow and how to continue operations while keeping others safe. While it’s difficult to determine the short and long-term affects of this pandemic, we are tracking all developments related to the COVID-19 and your financial well-being. On this page you’ll find links to external resources, informational articles, and upcoming webinars related to COVID-19. We will continue to update this resource page as more information becomes available. Check back regularly for updates and continue reading to learn more.
COVID-19 Power Lunch Videos
On-Demand Webinar Recordings
Has your business been forced to close or pivot due to COVID-19? Learn about the many ways we can assist you.
Families First Coronavirus Response Act (FFCRA) Resource Center
FFCRA Comprehensive Guide
The FFCRA provides a wide range of assistance to American workers due to the COVID-19 outbreak. Not only does it provide paid time off for workers affected by the pandemic, it also gives employers the opportunity to receive tax credits to offset the cost of providing paid leave.
In response to the significant number of questions we’ve received regarding the FFCRA, we created this guide to help employers navigate the details of the FFCRA. Continue reading to learn more.
Recent FFCRA Articles
Get it in Writing: Documentation of COVID-19-Related Leave and IRS Guidance
Since the Families First Coronavirus Response Act (FFCRA) went into effect on April 1, 2020, employees and employers alike have struggled with its initial [...]
New Legislation Grants Paid Leave for Coronavirus-Related Absence
On March 18, President Donald Trump signed the Families First Coronavirus Response Act, a federal effort to provide a wide range of assistance to [...]
FFCRA Employer Templates & FAQ
CARES Act Resource Center
Paycheck Protection Program Expanded Guide
The Coronavirus Aid, Relief, and Econmic Security (CARES) Act offers particular reprieve to small businesses in the Paycheck Protection Program. The program provides financial incentives and forgivable loans for small businesses, with the goal of encouraging them to retain employees and bring back those who have been laid off or furloughed. Our expanded guide provides the details you need to take full advantage of this program.
PPP Loan Templates
Per interim guidance released by the IRS, PPP loan forgiveness amount will not be reduced if you laid off an employee, offered to rehire the same employee, but the employee declined the offer. However, in order to qualify for this exemption, you must make a good faith, written offer of rehire, and the employee’s rejection must be documented. The following template can be used when making your offer to rehire.
An Important Update on PPP Safe Harbor
The United States Treasury has just released additional information regarding the Paycheck Protection Program (PPP) and safe harbor for unqualified loan recipients. The Small Business Administration (SBA) issued a safe harbor to PPP recipients [...]
Safe Harbor: Returning Unqualified PPP Funds
If you’ve received a Paycheck Protection Program (PPP) loan and don't meet the requirements for “economic uncertainty,” take note. The U.S. Small Business Administration (SBA) is giving companies until May 18 to return unqualified [...]
Healthcare Providers Begin Seeing Payments from CARES Act
As the rollout of the comprehensive CARES Act stimulus package gets underway, healthcare providers have already begun to see payments associated with the $100 billion allocated to fund hospitals and other health services organizations. [...]
Emergency Funding for the Healthcare Sector Through the CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act represents perhaps the biggest piece of relief legislation since the cumulative programs comprising the New Deal. Despite the broadly addressed industries within the bill, the [...]
CARES Act Tax Relief: Three Provisions to Look at NOW
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes dozens of subsections and countless provisions. While it covers an immense range of relief options, the CARES Act tax relief provisions are of particular [...]
Calculating the Individual Recovery Rebate from the CARES Act
As part of the recently-passed massive Coronavirus Aid, Relief, and Economic Security (CARES) Act, taxpayers will receive a direct stimulus payment within the coming weeks. This one-time remittance is based on an individual’s 2019 [...]
Most Recent COVID-19 Articles
Deferred Priorities: How Investors and Lessors are Dealing with Rent Deferral
Many Americans living in rental units are struggling to pay their rent. Retail and restaurant businesses forced to close are having difficulty meeting their lease obligations. Industrial and office tenants aren’t faring much better. [...]
IRS Allows Midyear Enrollment and Election Changes for Health Plans and FSAs
The health insurance of most working Americans is tied to their employer. This has meant significant obstacles during the COVID-19 crisis as employees find themselves furloughed, working decreased hours or considering coverage for themselves [...]
SBA Allows Increases in PPP Loans for Partnerships
The Small Business Administration (SBA) announced on May 13 that lenders can increase Paycheck Protection Program (PPP) loans for partnerships to cover partner compensation. The move addresses situations in which partnerships were granted loan [...]
COVID-19 General Resources
Deferred Priorities: How Investors and Lessors are Dealing with Rent Deferral
Many Americans living in rental units are struggling to pay their rent. Retail and restaurant businesses forced to close are having difficulty meeting their [...]
IRS Allows Midyear Enrollment and Election Changes for Health Plans and FSAs
The health insurance of most working Americans is tied to their employer. This has meant significant obstacles during the COVID-19 crisis as employees find [...]
PPP Loan Forgiveness Application Released!
The U.S. Small Business Association (SBA) has released the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application. The form comes with instructions and is [...]
Tax Updates
Nonprofit Deadline Extensions for Form 990 and Federal Single Audits
Some nonprofits are getting a welcome reprieve in deadline extensions for their Form 990 and federal single audit reports. IRS Form 990 and Similar [...]
Florida Sales Tax Filing Extension
In response to the COVID-19 outbreak, the State of Florida Department of Revenue (DOR) recently issued Order of Emergency Waiver/Deviation #20-52-DOR-002 (Sales and Use [...]
BREAKING: Tax Filing Deadline Extended Until July 15, 2020
The IRS has extended the April 15 tax filing deadline for individuals and businesses until July 15 in response to the COVID-19 emergency. The [...]
Financial Reporting Updates
It’s Official! GASB Votes to Approve Postponed Effective Dates of Recent Provisions
Governments have been challenged by the COVID-19 pandemic—and the Governmental Accounting Standards Board (GASB) [...]
Underwater Endowments: How COVID-19 Could Affect Your Funding
It’s difficult enough for higher education to face the existing challenges of COVID-19. Now, [...]
Nonprofit Deadline Extensions for Form 990 and Federal Single Audits
Some nonprofits are getting a welcome reprieve in deadline extensions for their Form 990 [...]
External Financial Reporting Resources
Industry Updates
Introducing the James Moore 2020 Government Summer CPE Series
With the COVID-19 pandemic sweeping the nation, many industry conferences have been postponed or [...]
CARES Act to the Rescue: The Education Stabilization Fund
COVID-19 has disrupted education nationwide, throwing students, faculty and staff into limbo—and often leaving [...]
Underwater Endowments: How COVID-19 Could Affect Your Funding
It’s difficult enough for higher education to face the existing challenges of COVID-19. Now, [...]