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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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Loan Application
NJEDA Defers Pre-Registration Date for Phase 2 of the Small Business Emergency Assistance Loan Program 400 400 SAX - Advisory, Audit and Accounting

NJEDA Defers Pre-Registration Date for Phase 2 of the Small Business Emergency Assistance Loan Program

The New Jersey Economic Development Authority (NJEDA) recently announced that the date for pre-registration for Phase 2 of its Small Business Emergency Assistance Loan Program, which was originally scheduled to open on February 10, 2021, has been deferred.  The NJEDA has yet to announce the new pre-registration date. Designed to deliver low-cost, flexible financing, loans…

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JOIN THE WEBINAR: MAXIMIZING TAX DEFERRAL OPPORTUNITIES THROUGH EMPLOYER RETIREMENT OFFERINGS 150 150 SAX - Advisory, Audit and Accounting

JOIN THE WEBINAR: MAXIMIZING TAX DEFERRAL OPPORTUNITIES THROUGH EMPLOYER RETIREMENT OFFERINGS

WEDNESDAY, FEBRUARY 17 | 2:00 – 3:00 PM REGISTER HERE

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Qualified Opportunity Fund
IRS Extends Additional Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Pandemic 400 400 SAX - Advisory, Audit and Accounting

IRS Extends Additional Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Pandemic

Quick Recap On the evening of January 19, the IRS issued Notice 2021-10 that provides additional relief by extending certain deadlines for investing in Qualified Opportunity Funds (“QOFs”) and relaxed certain investment requirements for operators of QOFs.[i] These changes are intended to make it easier for QOFs and investors to manage QOF deferrals in light…

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Addressing Your Questions on COVID-19 Loan Programs and Forgiveness Strategies 150 150 SAX - Advisory, Audit and Accounting

Addressing Your Questions on COVID-19 Loan Programs and Forgiveness Strategies

Sax’s Recovery Task Force was created to provide the business community with vital information and resources to get on the road to recovery during this disruptive pandemic.  We’ve received a good amount of information on the active relief programs implemented to help us regain our strength – but there is still much clarity needed. We…

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