CARES Act Webinar – Insights for Your Business

This webinar is Part 1 of weekly updates on the issues the COVID-19 crisis is presenting to you and to your business or organization. This webinar covered the CARES Act—What you need to know and what you can do now.

2020-04-03T15:37:41-04:00March 30, 2020|Categories: PBMares COVID-19 Insights, PBMares COVID-19 News|

How the CARES Act Helps Non-Profits

The Senate and the House of Representatives have both passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  The bill provides $2.2 trillion of Federal funds to keep the economy functioning.  But what is in the law to aid Non-profits?

2020-04-06T14:52:25-04:00March 28, 2020|Categories: Not-for-Profit, PBMares COVID-19 Insights, Private Clubs|

Business Benefits Available, Courtesy of the CARES Act

The historic $2.2 Trillion CARES Act provides several business tax benefits, some of which can quickly provide cash flow.

Forgivable Small Business Loans – How the $2 Trillion Stimulus Bill Can Help You

As business owners struggle with the effects of the coronavirus epidemic, Congress is on the precipice of enacting landmark legislation aimed at keeping the economy afloat over the next several months.

Plan Options for COVID-19 Impacted Businesses

The government’s response to COVID-19 has left many facing forced closure or seismic changes to sales and expense forecasts. This new reality has left business owners looking for ways to bolster working capital while reducing fixed and other costs

IRS Issues Tax Extension Guidance for Taxpayers

On March 13, 2020, the President of the United States issued an emergency declaration under the Stafford Disaster Relief and Emergency Assistance Act in response to the ongoing Coronavirus Disease pandemic.

Tax Filing Deadline Extended 90 Days

This morning, the US Treasury Secretary stated “We are moving Tax Day from April 15 to July 15” on Twitter. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”

Tax Developments: Payment Deadline Changes and New Legislation

Late Wednesday afternoon, Treasury released Notice 2020-17, which defined the previously discussed payment extensions. Tax payments due April 15, 2020, including both 2019 income tax payments and 2020 estimated income tax payments, are postponed until July 15, 2020. 

Coronavirus: Financial Reporting Considerations

Source: RSM US LLP.  PBMares is a member of RSM US Alliance.  The effects of the coronavirus are evolving rapidly and are unique for each entity’s circumstances. In addition to addressing the serious operational impacts of the coronavirus, it is important that all entities consider how the coronavirus affects their financial reporting.