Managing Loans
Webinar: Preparing for Recovery: Understanding and Managing Forgivable and Unforgivable Loans 400 400 SAX - Advisory, Audit and Accounting

Webinar: Preparing for Recovery: Understanding and Managing Forgivable and Unforgivable Loans

The COVID-19 pandemic has significantly impacted the fiscal conditions of our businesses, but now is the time to prepare and plan for recovery through the vehicles of relief that have been made available to us.   On April 9, the Federal Reserve committed an additional $2.3 trillion in funds to further stabilize our uncertain economic…

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Payroll taxes
Payroll Taxes Can Be Deferred, Even If You’re Taking Advantage of the Paycheck Protection Program 400 400 SAX - Advisory, Audit and Accounting

Payroll Taxes Can Be Deferred, Even If You’re Taking Advantage of the Paycheck Protection Program

There was some uncertainty on the interaction between the payroll tax deferral and the Payroll Protection Program (PPP).  Interpretations ranged from: Whether the employer would be eligible for loan forgiveness if payroll taxes were deferred; or whether the employer could defer payroll taxes after the PPP loans were forgiven On April 10, the Internal Revenue…

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Tax Provisions & Incentives for Businesses & Individuals
WATCH THE WEBINAR: TAX PROVISIONS & INCENTIVES FOR BUSINESSES AND INDIVIDUALS THROUGH THE CARES ACT 400 400 SAX - Advisory, Audit and Accounting

WATCH THE WEBINAR: TAX PROVISIONS & INCENTIVES FOR BUSINESSES AND INDIVIDUALS THROUGH THE CARES ACT

If you are looking to understand how the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) – the most significant benefits package to date for COVID-19 relief – impacts you, watch our previously recorded webinar on the tax provisions and incentives that are provided for businesses and individuals. We are eager to share with…

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Federal Reserve
Federal Reserve Takes Historic $2.3 Trillion Action to Stimulate Economy 400 400 SAX - Advisory, Audit and Accounting

Federal Reserve Takes Historic $2.3 Trillion Action to Stimulate Economy

On April 9th, the Federal Reserve committed an additional $2.3 trillion in funds to further stimulate the economy as we continue to battle the COVID-19 pandemic.  Aimed primarily at households and businesses of all sizes, as well as state and local governments, the measures included in this policy are intended to stabilize our uncertain economic…

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Important Updates to the SBA Loan Programs
APRIL 7 WEBINAR: IMPORTANT UPDATES TO SBA LOAN PROGRAMS 400 400 SAX - Advisory, Audit and Accounting

APRIL 7 WEBINAR: IMPORTANT UPDATES TO SBA LOAN PROGRAMS

On April 2, 2020, the Small Business Administration (SBA) released additional guidance on the SBA Loan Incentive Programs available to businesses for COVID-19 relief. You’re invited to watch our informative webinar as we review the recent updates made to the two key provisions surrounding loan programs available for small businesses – the Paycheck Protection Program…

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CARES Act Paycheck Protection Program
Additional Guidance Provided for the Paycheck Protection Program 400 400 SAX - Advisory, Audit and Accounting

Additional Guidance Provided for the Paycheck Protection Program

The Small Business Administration (SBA) released additional information on the Paycheck Protection Program (PPP).  Below summarizes the key changes: Independent Contractors/1099 Recipients– These costs may not be included in “payroll cost” calculations. Interest Rate – Interest rate will be 1.00%. Forgiveness Requirements – Applicants must spend a minimum of 75% of loan proceeds on payroll…

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COVID-19 Business Relief
CARES ACT to Provide COVID-19 Relief for Businesses 400 400 SAX - Advisory, Audit and Accounting

CARES ACT to Provide COVID-19 Relief for Businesses

On March 27, 2020, President Trump signed the “Coronavirus Aid Relief, and Economic Security Act” (CARES Act), allocating $2.2 trillion in spending and tax breaks to increase liquidity in the economy, provide relief for individuals and businesses, as well as specific industries most seriously harmed by this pandemic.

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COVID-19 Sax Webinar
WEBINAR: New Small Business Administration (SBA) Loan Incentive Programs Available to Businesses Through CARES Act 400 400 SAX - Advisory, Audit and Accounting

WEBINAR: New Small Business Administration (SBA) Loan Incentive Programs Available to Businesses Through CARES Act

Join us on Wednesday, April 1 at 10:00 AM as we review the new Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – the most significant benefits package to date for COVID-19 relief.  The new law will deliver over $2 trillion in economic stimulus aimed at providing relief for individuals and businesses most seriously…

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SAX - Advisory, Audit and Accounting