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COVID-19 Updates
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American Rescue Plan Act Further Extends Payroll Tax Credits

The American Rescue Plan Act of 2021 was signed by President Biden on March 11, 2021, to address the continuing economic impact of the...
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PPP Loan Calculator

Expansion of PPP to 501(c)(5) (Labor Unions) and 501(c)(9) (VEBAS)

Section 501(c)(5) and 501(c)(9) organizations are now eligible for Paycheck Protection Program (PPP) loans under the American Rescue Plan Act (ARPA) that was signed...
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Extended Employee Retention Credits

Extended: Employee Retention Credits Available in 2021

The employee retention credit (“ERC”) is designed to encourage employers to keep workers on their payroll and support small businesses and nonprofits during the...
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PPP Loan FAQs

Expansion of PPP to Certain 501(c)(6) Organizations

Certain section 501(c)(6) organizations are now eligible for Paycheck Protection Program (PPP) loans under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues...
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Paycheck Protection Program

SBA Issues Questionnaires to Large Paycheck Protection Program (PPP) Borrowers

The Small Business Administration (SBA) is seeking permission from the Office of Management and Budget (OMB) to collect information on loan necessity from borrowers...
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Corona Virus

IRS Guidance on Payroll Tax Deferral Order

On August 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65 to provide needed guidance on an Executive Order issued by President Trump...
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Single Audit Requirements: SBA Loan Program

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...
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Employee Retention Credit – Updated Guidance

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...
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Treasury Department Issues New Guidance on Certification Relating to PPP Necessity

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...
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Major Deadline Shift for Tax Returns to July 15, 2020 - Calibre CPA Group

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...
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