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Sax LLP

Healthcare

August 28 Deadline for Phase 2 Funding Under CARES Act’s Provider Relief Fund
August 28 Deadline for Phase 2 Funding Under CARES Act’s Provider Relief Fund 400 400 SAX - Advisory, Audit and Accounting

On July 31, 2020, the U.S. Department of Health and Human Services (HHS) granted another opportunity for healthcare providers to apply for the Provider Relief Fund (PRF) under Phase 2,…

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Healthcare

HHS Provides Details on Reporting Requirements for the Provider Relief Fund
HHS Provides Details on Reporting Requirements for the Provider Relief Fund 400 400 SAX - Advisory, Audit and Accounting

On August 14, 2020, the U.S. Department of Health and Human Services (HHS) provided details on the Provider Relief Fund reporting requirements.  The Provider Relief Fund (PRF) was allocated $175…

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Sax Relocates Headquarters to New State-of-the-Art Campus in Parsippany
Sax Relocates Headquarters to New State-of-the-Art Campus in Parsippany 150 150 SAX - Advisory, Audit and Accounting

Top 100 accounting, tax and business advisory leader, SAX, is proud to announce the relocation of the firm’s flagship office from Clifton, NJ to a 39,810-square-foot office within the new…

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New SBA Guidance

Small Business Administration Offers Reduced Interest Rates For Its 504 Loan Program
Small Business Administration Offers Reduced Interest Rates For Its 504 Loan Program 400 400 SAX - Advisory, Audit and Accounting

As small businesses continue to seek credit and financing opportunities to stem the tide of the COVID-19 pandemic, the Small Business Administration (SBA) has taken further action to boost the…

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We Want To Hear From You: What Are The Questions & Challenges We Can Help Address?
We Want To Hear From You: What Are The Questions & Challenges We Can Help Address? 150 150 SAX - Advisory, Audit and Accounting

Since the onset of the pandemic, Sax’s Recovery Task Force has hosted over 15 recovery updates aimed at disseminating the on-going information released at the federal and state level to…

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Required Minimum Distribution

Rollover Deadline for 2020 Required Minimum Distributions Extended to August 31, 2020.
Rollover Deadline for 2020 Required Minimum Distributions Extended to August 31, 2020. 400 400 SAX - Advisory, Audit and Accounting

The Coronavirus Aid, Relief, and Economic Security (CARES) Act waives required minimum distributions (RMDs) from defined contribution tax-qualified retirement plans and IRAs (including inherited IRAs) for 2020.  This includes 2019…

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President Executive Order

Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance
Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance 400 400 SAX - Advisory, Audit and Accounting

On August 8, 2020, President Trump signed four executive orders to provide economic assistance as the self-imposed deadline for Congress to reach a coronavirus relief package passed.  These four executive…

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PPP

SMALL BUSINESS ADMINISTRATION ISSUES FREQUENTLY ASKED QUESTIONS ON PPP LOAN FORGIVENESS
SMALL BUSINESS ADMINISTRATION ISSUES FREQUENTLY ASKED QUESTIONS ON PPP LOAN FORGIVENESS 600 600 SAX - Advisory, Audit and Accounting

In a much-anticipated move, the Small Business Administration (SBA), in conjunction with the U.S. Department of Treasury, issued the latest round of frequently asked questions (FAQs) on August 4, 2020. …

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Federal Reserve

The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020
The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020 400 400 SAX - Advisory, Audit and Accounting

The Federal Reserve has announced an extension through December 31 of its lending facilities that were initially scheduled to expire on or around September 30.  The lending facilities are geared…

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Senate

Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package
Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package 400 400 SAX - Advisory, Audit and Accounting

Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on Monday, July 27, 2020.  Dubbed the “HEALS Act”, this $1 trillion GOP economic and stimulus…

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