Congress passes bill extending PPP through June 30, 2021

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. On Thursday, the Senate approved the PPP Extension Act of 2021 by a vote of 92-7, the act is is likely in front of President Biden for signature. Read more about Congress passes bill extending PPP through June 30, 2021[…]

PPP Updated in a Bid To Benefit our Smallest Businesses– Starting Wednesday!

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. Here’s what you need to know. The changes— the administration has proposed five key changes. A two-week application period just for small businesses. Starting on Wednesday and through March Read more about PPP Updated in a Bid To Benefit our Smallest Businesses– Starting Wednesday![…]

New Guidance Issued for First-Draw PPP Loan Increases

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The U.S. Small Business Administration (SBA) released procedural guidance Wednesday night that details the requirements for Paycheck Protection Program (PPP) borrowers to reapply for a PPP loan or Read more about New Guidance Issued for First-Draw PPP Loan Increases[…]

SBA and Treasury Release New PPP Application Forms

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, released borrower loan application forms for the Paycheck Protection Program (PPP) which re-opened today (January 11) Read more about SBA and Treasury Release New PPP Application Forms[…]

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced this past Friday (January 8) that the Paycheck Protection Program (PPP) will re-open tomorrow (January Read more about SBA and Treasury Announce PPP Re-Opening; Issue New Guidance[…]

Simplified Accounting Rules for Small Businesses Finalized!

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. As December was drawing to a close, the Internal Revenue Service finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses Read more about Simplified Accounting Rules for Small Businesses Finalized![…]