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SBA Targets Early April Opening of Restaurant Revitalization Fund Application Process 400 400 SAX - Advisory, Audit and Accounting

SBA Targets Early April Opening of Restaurant Revitalization Fund Application Process

The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund (RRF) that was established by the American Rescue Plan Act (ARPA). The RRF was created to provide restaurants with grants equal to their pandemic-related revenue loss, up to $10 million per entity, or…

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IRS
IRS Extends Tax Filing Deadline for 2020 Individual Returns 400 400 SAX - Advisory, Audit and Accounting

IRS Extends Tax Filing Deadline for 2020 Individual Returns

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021.   Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to…

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Sax’s 2020 Year in Review 150 150 SAX - Advisory, Audit and Accounting

Sax’s 2020 Year in Review

2020 was filled with headlines. We invite you to take a look back at Sax’s unprecedented year with our Year in Review that recaps our recent accolades, internal enhancements, our leadership in disruption, and much more. View our 2020 Year in Review here:

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March 10 CFO Focus: Post-Election Update: Planning and Market Trends 150 150 SAX - Advisory, Audit and Accounting

March 10 CFO Focus: Post-Election Update: Planning and Market Trends

Amidst a global pandemic that has impacted our markets, we also had a transition of power to the Biden Administration.  Couple those together and a lot of questions arise as to where we are headed, and what we can expect in the future. Join us on Wednesday, March 10 at 9:00 a.m. for the first…

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Healthcare
Don’t Risk Loan Forgiveness with Sax’s PPP & PRF Advisory Services for the Healthcare Industry 400 400 SAX - Advisory, Audit and Accounting

Don’t Risk Loan Forgiveness with Sax’s PPP & PRF Advisory Services for the Healthcare Industry

Your healthcare practice is on the road to recovery and you can start to see the light at the end of the tunnel.  Now you need to turn your attention to complying with the myriad of reporting requirements for the CARES Act funding, so that you can retain the funds that you received. The Health…

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PPP Small Business
BIDEN-HARRIS ADMINISTRATION ANNOUNCES CHANGES TO THE PPP GEARED TOWARDS SMALLER BUSINESSES 400 400 SAX - Advisory, Audit and Accounting

BIDEN-HARRIS ADMINISTRATION ANNOUNCES CHANGES TO THE PPP GEARED TOWARDS SMALLER BUSINESSES

In an effort to target smaller businesses, the Biden-Harris administration announced changes to the Paycheck Protection Program (PPP).  From Wednesday, February 24, 2021 – March 10, 2021, businesses with 20 or fewer employees will have exclusive access to PPP funding.  Furthermore, the White House will set aside $1 billion in PPP funding for businesses in…

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PPP Application
STATE INCOME TAX TREATMENT OF PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS AND EXPENSE DEDUCTIONS 400 400 SAX - Advisory, Audit and Accounting

STATE INCOME TAX TREATMENT OF PAYCHECK PROTECTION PROGRAM LOAN FORGIVENESS AND EXPENSE DEDUCTIONS

As a reaction to the economic conditions of the COVID-19 pandemic, the federal government has established a series of relief packages for businesses, including the Paycheck Protection Program (PPP). 

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Payroll
DON’T LEAVE MONEY ON THE TABLE! Employee Retention Credit Now Available to PPP Loan Recipients 400 400 SAX - Advisory, Audit and Accounting

DON’T LEAVE MONEY ON THE TABLE! Employee Retention Credit Now Available to PPP Loan Recipients

Due to legislation passed in late December 2020, eligible employers with a Paycheck Protection Program (PPP) loan can now claim the employee retention credit (ERC) when they previously could not.

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