Newburg Update for 5/21/2020 – Potential PPP Flexibility Might Be on the Horizon
The House is looking to put to vote a stand-alone bill entitled the Paycheck Protection Program Flexibility Act. There appears to be early bipartisan support for the bill within [...]
Newburg Update for 5/18/2020 – SBA Releases PPP Loan Forgiveness Application – Impact and Updates
The long overdue PPP Forgiveness Application was released by the SBA on May 15, 2020, providing some much needed clarification for small businesses in calculating their potential forgiveness amount. [...]
Newburg Update for 5/14/2020 – PPP & EIDL SBA Loan Updates
PPP- Tracking Your Payroll Costs and Eligible Expenses Timing of your payroll. Depending on your payroll schedule, you may want to adjust the timing of your payroll date to [...]
There is Still Time to Make a Deductible IRA Contribution for 2019
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 [...]
Drafting Your Will Using Online Tools Can Lead to Unwanted Outcomes
The novel coronavirus (COVID-19) pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking the necessary steps today to protect your loved [...]
Newburg Update for 5/6/2020 – KEY UPDATE to the PPP Rulings FAQ’s
KEY UPDATE to the PPP Rulings Frequently Asked Questions (Questions 40 - 42 published May 3, 2020) Note: Key Updates to the ruling with an important question for most [...]
Hiring Independent Contractors? Make Sure They are Properly Classified
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly [...]
Newburg Update for 4/27/2020 – PPP Second Round of Funding is Now Open
Round two of the Paycheck Protection Program funding officially "went live" at 10:30AM (est) this morning. We anticipate this round of funding to be depleted quickly as was with [...]
Newburg Update for 4/22/2020 – TIR 20-5: MA Tax Implications of an Employee Working Remotely due to COVID-19 Pandemic
Massachusetts has issued a technical information release on tax implications for different aspects of employees working from home. The rules being adopted are for the time period beginning March [...]
Newburg Update for 4/16/2020 – Status of Your Stimulus Payment
Want to know the status of your Stimulus Payment? If you have not received your Stimulus Payment yet, you might be wondering when you will receive it. You are [...]