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 [...]
Newburg Update for 5/5/2020 – PPP-Navigating the 8-Week Spend and Forgiveness Phase
While businesses struggle to maintain or bring back their workforce during these unprecedented times, the ambitious Paycheck Protection Program (PPP) continues to forge forward. The speed at which this [...]
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 4/21/2020 – PPP ‘Phase 2’ – Tracking & Support to Maximize Forgiveness
Now that you have successfully completed Phase 1 of the Paycheck Protection Program (PPP) and the bank has funded your account, the eight-week clock is ticking. Below we have [...]
Your Legacy: Charitable Giving is Vital During the COVID-19 Crisis
The novel coronavirus (COVID-19) pandemic and the resulting economic fallout is dealing a crushing blow to charitable organizations. Indeed, during a time when food banks, disaster relief and other [...]
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 [...]
Newburg Update for 4/9/2020 – EFML and EPSL Update
Updates on Furloughed Employees and Closed Worksites - Disaster Relief Payments to Employees - Benefits of Section 139 The FAQ guidance makes it clear that employees who are furloughed are not [...]
Newburg Updated 4/4/20 – EIDL EMERGENCY ADVANCE (up to $10,000)
We continue to keep a daily pulse on the evolving nature of the two primary SBA programs targeted to helping small businesses impacted by the COVID-19 pandemic; EIDL (Economic [...]