Newburg Update for 5/29/2020 – PPP “Flexibility” Legislation Passes House and Moves to Senate for Approval
Yesterday evening the House voted to pass the bill (Paycheck Flexibility Act), which would ease some of the restrictions surrounding the PPP loans to small business owners. The potential legislation in its current state [...]
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 [...]
Newburg Update for 5/12/2020 – Deadline for Submitting Direct Deposit Information for Your Stimulus Payment is TOMORROW at 12 PM
Tomorrow, Wednesday, May 12th at 12:00 PM EST, marks the deadline for taxpayers to provide their banking information to the IRS, in order to receive their stimulus payment via [...]
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 [...]