Tax Warrior Chronicles

As guidance in this area is being released regularly, we recommend you read all of our blogs on this subject.  All the blogs in the Paycheck Protection Program series are here: Updates#1, #2, #3, #4, #5, #6, #7,#8,#9,#10, #11, #12,#13,#14, #15

What if I Can’t Hire My Employees Back?

Given the generous unemployment provisions of the CARES Act, many businesses that obtained PPP loans are having difficulty rehiring employees that may now be collecting more on unemployment than their normal wages.  This puts PPP loan recipients in a precarious position, as a business must maintain its workforce through the eight-week, post-loan period to receive full PPP forgiveness.

Fortunately, FAQ #40

As guidance in this area is being released regularly, we recommend you read all of our blogs on this subject.  All the blogs in the Paycheck Protection Program series are here: Updates#1, #2, #3, #4, #5, #6, #7,#8,#9,#10, #11, #12,#13,#14, #15

To assist small businesses through the coronavirus-related economic slowdown, the recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides emergency assistance through a significant expansion of the Small Business Administration Section 7(a) loan program.  The program is structured to incentivize employers to retain and pay their employees.  We will refer to these loans as Paycheck Protection Loans (PPL).  As you will

By: Michael Donahue, CPA, MT, CFP

The Affordable Care Act (“the ACA”) has been operational for some time now.  During its life, the ACA has been subjected to praise and criticism in addition to numerous legislative calls for repeal.

At its core, the ACA requires individuals to obtain health insurance, claim an exemption or pay a penalty.  Additionally, applicable large employers (employers employing at least 50 employees) are required to provide affordable health insurance with minimal essential benefits to its employees.  The pillar of the ACA has been the healthcare exchange which provides health insurance to individuals with premium subsidy support from the federal government.