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Sax LLP

SBA and Treasury Issue Guidance for First Draw and Second Draw PPP Borrowers

SBA and Treasury Issue Guidance for First Draw and Second Draw PPP Borrowers 400 400 SAX - Advisory, Audit and Accounting

With the recent re-opening of the Paycheck Protection Program (PPP) portals for all borrowers, the Small Business Administration (SBA), in conjunction with the U.S. Treasury Department, has been busy issuing…

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Join the Webinar: Reporting Requirements for HHS Provider Relief Fund

Join the Webinar: Reporting Requirements for HHS Provider Relief Fund 150 150 SAX - Advisory, Audit and Accounting

The Department of Health and Human Services’ (HHS) Provider Relief Funding (PRF) reporting portal has officially opened for eligible healthcare providers. Providers are required to register on the reporting portal…

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SBA WILL RE-OPEN PPP TO SMALL LENDERS ON JANUARY 15 AND ALL LENDERS ON JANUARY 19

SBA WILL RE-OPEN PPP TO SMALL LENDERS ON JANUARY 15 AND ALL LENDERS ON JANUARY 19 150 150 SAX - Advisory, Audit and Accounting

On January 13, 2021, the Small Business Administration (SBA) and U.S. Department of Treasury announced that the Paycheck Protection Program will re-open its portal for eligible lenders to apply for…

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SBA AND DEPARTMENT OF TREASURY ISSUE TWO NEW INTERIM FINAL RULES ON THE PAYCHECK PROTECTION PROGRAM

SBA AND DEPARTMENT OF TREASURY ISSUE TWO NEW INTERIM FINAL RULES ON THE PAYCHECK PROTECTION PROGRAM 400 400 SAX - Advisory, Audit and Accounting

On January 6, 2021, the Small Business Administration (SBA) and U.S. Department of Treasury issued two Interim Final Rules (IFRs) surrounding the Paycheck Protection Program (PPP).  The IFRs include the…

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SBA Extends EIDL Program to December 31, 2021

SBA Extends EIDL Program to December 31, 2021 400 400 SAX - Advisory, Audit and Accounting

On December 30, 2020, the Small Business Administration (SBA) extended the deadline to apply for Economic Injury Disaster Loans (EIDLs) from December 31, 2020 to December 31, 2021, pending the…

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The Current Status of the New Stimulus Package – The Consolidated Appropriations Act, 2021

The Current Status of the New Stimulus Package – The Consolidated Appropriations Act, 2021 400 400 SAX - Advisory, Audit and Accounting

After months of negotiations, Congress reached an agreement for a new round of relief for the ongoing COVID-19 pandemic.  In addition to the enhancements made to the Paycheck Protection Program…

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WATCH THE WEBINAR: 2021 DENTAL MARKET WATCH

WATCH THE WEBINAR: 2021 DENTAL MARKET WATCH 400 400 SAX - Advisory, Audit and Accounting

In case you missed it, we invite you to watch our webinar discussion that focused on the 2021 Dental Market.  Our expert speakers provided insights on emerging trends in Dental…

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SBA Issues FAQ surrounding PPP Loan Necessity Questionnaires

SBA Issues FAQ surrounding PPP Loan Necessity Questionnaires 150 150 SAX - Advisory, Audit and Accounting

Earlier in 2020, the Small Business Administration (SBA) released loan necessity questionnaires for public comment for both For-Profit Borrowers (Form 3509) and Not-For-Profit Borrowers (Form 3510) with loans of $2…

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IRS Issues Guidance on Timing of Tax Deductions for PPP Expenses

IRS Issues Guidance on Timing of Tax Deductions for PPP Expenses 400 400 SAX - Advisory, Audit and Accounting

While not the news borrowers were hoping for, on November 18, 2020, the Internal Revenue Service issued Rev. Rul. 2020-27 and Rev. Proc. 2020-51 to provide clarity in situations where…

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WATCH THE CFO FOCUS: YEAR-END TAX UPDATE – STRENGTHENING YOUR TAX POSITION & OVERALL BUSINESS NOW AND FOR 2021

WATCH THE CFO FOCUS: YEAR-END TAX UPDATE – STRENGTHENING YOUR TAX POSITION & OVERALL BUSINESS NOW AND FOR 2021 400 400 SAX - Advisory, Audit and Accounting

Navigating our business terrain this year has been difficult as policies were fluid and uncertainties mounted.  To take control of our success moving forward, we must stay up to date…

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SAX - Advisory, Audit and Accounting