866.464.2839 | info@calibrecpa.com

COVID-19 Updates

Single Audit Requirements: SBA Loan Program

Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, administered under the 7(a) guaranty loan program, are being provided through local financial institutions. While these...
Read More

Employee Retention Credit – Updated Guidance

The CARES Act provides employers with an Employee Retention Credit to assist in retaining employees throughout the COVID-19 emergency.  Eligible employers can claim this credit...
Read More

Treasury Department Issues New Guidance on Certification Relating to PPP Necessity

Following extensive publicity regarding large or publicly-traded businesses that have received loans under the Paycheck Protection Program (PPP), the Treasury Department has updated its PPP...
Read More

Major Deadline Shift for Tax Returns to July 15, 2020

On Thursday, April 9, 2020, the Internal Revenue Service (IRS) announced expanded Coronavirus related relief, granting taxpayers an automatic extension of time to file a...
Read More

Payroll Tax Credit for Employee Retention

  As part of the ongoing effort to provide relief from the COVID-19 emergency, Congress passed, and the President signed, the Coronavirus Aid, Relief, and...
Read More

Income Tax – State Filing Relief

With the federal income tax deadline postponed until July 15, 2020 due to the COVID-19 emergency, states have begun to address whether they will follow...
Read More

CARES Act Signed Into Law – Provisions of Interest to Not-for-Profit Organizations

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a $2.2 trillion Phase 3 COVID-19...
Read More

Maryland Department of Commerce Announces Grant Opportunities for Small Not-for-Profits Impacted by COVID-19

Some Maryland not-for-profit organizations are eligible to apply for funds from the newly created COVID-19 Emergency Relief $50M Grant Fund, which provides working capital intended...
Read More

COVID-19: Tax Relief Update

The Coronavirus (COVID-19) has quickly become a global pandemic, impacting every organization and individual in some manner.  As the situation evolves daily, Congress continues to...
Read More