FOR INDIVIDUALS & FAMILIES

The Biden administration announced several reforms to the Paycheck Protection Program (PPP) to provide additional relief for the smallest and most vulnerable businesses. It also changes several rules to expand PPP loan forgiveness eligibility. Download PDF > PPP Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed in the early days of the […]

Late in 2020, Congress passed a $900 billion COVID-19 stimulus relief package with large bipartisan support. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and retirement provisions. The following are key provisions that affect individual taxpayers and businesses. Download PDF > Relief for […]

After months of negotiations in Washington, Congress reached agreement on a new $900 billion aid package to address the ongoing fallout from the COVID-19 pandemic. The Consolidated Appropriations Act of 2021 (CAA), which Congress approved on December 21 and President Trump signed on December 27, expands and extends several critical provisions of last spring’s CARES […]

With the presidential election fast approaching, many people are paying closer attention to each candidate’s positions on such issues as the COVID-19 pandemic, health care, the environment and taxes. Among their many differences, President Donald Trump and former Vice President Joe Biden have widely divergent tax proposals. Their stances could have a major impact on […]

The Paycheck Protection Program Flexibility Act, signed into law on June 5, 2020, attempts to address many concerns expressed by the small business community around the Paycheck Protection Program (PPP) aimed at providing COVID-19 relief. The law provides major concessions and guidance for PPP borrowers who desire to qualify for forgiveness of the loans. Download […]

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for the retroactive postponement of, and changes to, the limits on excess business losses. The provision applies to individuals, trusts, and estates who own (or may own in the future) a business directly or as a partner or shareholder in an S corporation. Download PDF […]

The Internal Revenue Service has announced an extended deadline for both federal income tax filings and payments. Any taxpayer with a payment due on April 15, 2020, is considered to be affected by COVID-19 and eligible for this relief. California recently announced similar tax extensions. Download PDF > Postponed Federal Filing and Payment Dates The […]

The recording is now available of our April 10 webinar about the Small Business Administration’s Paycheck Protection Program (PPP) Loan, created by the recent CARES Act. We are pleased to make it available to you at the link below. Watch the Recorded Webinar > Recording Password: QjAi9imJ Seiler Partners Erin Hastings and Ron LaVelle presented […]

Under the CARES Act, the federal government expanded a loan program to businesses to cover employee payroll, mortgage interest, rent, and utilities expenses. A prominent feature is that all or part of the loan is potentially forgivable, provided funds are used for specific purposes. Sufficient documentation to substantiate the application is required. Who can apply? […]

Two major pieces of legislation – the Families First Coronavirus Response Act and the CARES Act – have been passed to help individuals and businesses during the coronavirus (COVID-19) outbreak. Here is our summary of highlights from both pieces of legislation. Download PDF > 1) The Families First Coronavirus Response Act (FFCRA) Among other things, […]