news & Press

FILTER BY INDUSTRY

Cannabis Construction Consumer and Industrial Products & Services Healthcare Nonprofit Real Estate

EXPLORE TOPICS

Loan Forgiveness
PPP Loan Forgiveness Application Timing: To Forgive or Not to Forgive, Is That The Question? 400 400 SAX - Advisory, Audit and Accounting

PPP Loan Forgiveness Application Timing: To Forgive or Not to Forgive, Is That The Question?

While Hamlet may have hypothesized over the famous query “To Be or Not to Be?”, Paycheck Protection Program (PPP) borrowers have an undisputed desire to maximize loan forgiveness.  As such, while “To Forgive or Not to Forgive?” is not the question at the front and center of borrowers’ minds, the timing to apply for forgiveness…

read more
PPP
Presenting the Paycheck Protection Program Loan in Your Year-End Financials 600 600 SAX - Advisory, Audit and Accounting

Presenting the Paycheck Protection Program Loan in Your Year-End Financials

At the start of 2020, no one could have expected what lie ahead. The effects of the global pandemic have touched everyone, including significantly impacting our businesses. In order to best navigate through all the uncertainty, many business owners applied for assistance under the Paycheck Protection Program (PPP) and received funds with the hope and…

read more
IRS
Tax Alert: Update Regarding Issue With IRS Balance Due Notices 400 400 SAX - Advisory, Audit and Accounting

Tax Alert: Update Regarding Issue With IRS Balance Due Notices

Many taxpayers have been receiving balance due notices for filed tax returns where the payments were indeed mailed in. The IRS is aware of this issue and is advising the following: Do not cancel the outstanding check and attempt to resend payment or make an electronic payment. Once the IRS processes the payment previously submitted,…

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

August 28 Deadline for Phase 2 Funding Under CARES Act’s Provider Relief Fund

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, aimed at reimbursing eligible healthcare-related expenses and lost revenues attributable to COVID-19. Healthcare providers who have already received a payment under Phase 1 of the…

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

HHS Provides Details on Reporting Requirements for the Provider Relief Fund

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 billion under the CARES Act to reimburse eligible healthcare providers for healthcare-related expenses and lost revenues attributable to COVID-19. Here is a recap of the…

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

Small Business Administration Offers Reduced Interest Rates For Its 504 Loan Program

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 economy.  On August 18, 2020, the SBA reduced interest rates for its 504 Loan Program to 2.214% for 20-year loans and 2.269% for 25-year loans.…

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

We Want To Hear From You: What Are The Questions & Challenges We Can Help Address?

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 businesses for COVID-19 relief.  These webinars have included breakdowns of the various loan program opportunities, guidance on obtaining loan forgiveness, and an overview of the…

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

Rollover Deadline for 2020 Required Minimum Distributions Extended to August 31, 2020.

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 RMDs for individuals with an April 1, 2020 RMD “required beginning date.”  Any RMD from a defined benefit plan is not eligible for the waiver.…

read more

Login Register Make a Payment

Home | About | Information Center | Meet Our Leadership | Careers | Contact
PARSIPPANY, NJ

389 Interpace Parkway
STE 3 Parsippany, NJ 07054
973.472.6250

EWING, NJ

100 Charles Ewing Boulevard
STE 130 Ewing, NJ 08628
609.737.6600

Morganville, NJ

242 Route 79 N
STE 3 Morganville, NJ 07751
732.332.1700

NEW YORK, NY

1040 Avenue of the Americas
16th Floor New York, NY 10018
212.661.8640

MUMBAI, INDIA

Oberoi Commerz 1 International Business Park
Oberoi Garden City Yashodham,
Goregaon (East)

©2025 SAX | ALL RIGHTS RESERVED | Privacy Policy | Website Terms of Use

“Sax” is the brand name under which Sax LLP and Sax Advisory Group LLC and its subsidiary entities provide professional services. Sax LLP and Sax Advisory Group LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Sax LLP is a licensed independent CPA firm that provides attest services to its clients, and Sax Advisory Group LLC and its subsidiary entities provide tax and business consulting services to their clients. Sax Advisory Group LLC and its subsidiary entities are not licensed CPA firms.
Securities are offered through Finalis Securities LLC Member FINRA/SIPC. Sax Capital Advisors and Finalis Securities LLC are separate, unaffiliated entities. Saxllp.com (the “SAX Website”) is a website operated by SAX Advisory Group, LLC. SAX Capital Advisors provides financial and strategic advisory, consulting services, mergers and acquisitions services.
FINRA | SIPC | Finalis Privacy Policy | Finalis Business Continuity Plan | | FINRA BrokerCheck
Sax Capital Advisors is not a registered broker-dealer.

Start Typing
SAX - Advisory, Audit and Accounting