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Yearly Archives: 2020
Do You Know What the Paycheck Protection Program is?
The Paycheck Protection Program was enacted as a part of the CARES ACT which was signed into law almost simultaneously as the US (and the world in general) came to a screeching halt in March 2020. The program provides loans … Continue reading
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The Economic Injury Disaster Loans (EIDL) and Loan Advances have received a limited amount of additional funding.
Today President Trump signed into law the PPP and Health Care Enhancement Act. This same Act allocated limited funds to the EIDL advance and loan program. For those who applied during round 1 the EIDL emergency advance was the program … Continue reading
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PPP loan applications starting on Monday, April 27 at 10:30 AM
Statement from SBA and Treasury: “The Small Business Administration will resume accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. This will ensure that SBA has properly coded the … Continue reading
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Businesses who paid March Sales & Use Tax early may request refund
ANNAPOLIS, Md. (March 20, 2020) – UPDATED: Businesses who paid their Maryland Sales & Use Taxes for March early may request a refund of their payment by emailing taxpayerrelief@marylandtaxes.gov or by calling 410-260-4020. To assist businesses affected by the economic impact of COVID-19, Comptroller … Continue reading
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Tax Day has been moved from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.
On Friday morning, the Treasury Department and IRS announced that the income tax filing deadline has now been extended to July 15, 2020. Earlier this week, Treasury Secretary Mnuchin announced the extension of the tax payment deadline, but did not … Continue reading
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