Federal Tax Date Postponed to May 17

Federal Tax Date Postponed to May 17

The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,...
SBA and Treasury Issue New Guidance on PPP Loan Forgiveness in the Form of FAQs

SBA and Treasury Issue New Guidance on PPP Loan Forgiveness in the Form of FAQs

On August 4, 2020 the Small Business Administration (SBA) and Treasury Department issued guidance in the form of a 10-page Paycheck Protection Program (PPP) Loan Forgiveness document answering 23 frequently asked questions (FAQs) regarding the forgiveness of PPP...
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