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CJBS

PPPFA Update

Dear Clients & Friends, In our last article, we promised to update readers as soon as we could in order to clarify certain ambiguities in the Paycheck Protection Program Flexibility Act (PPPFA). We were especially concerned about an apparent ‘cliff edge’ that would result in no loan forgiveness at all, if borrowers spend less than […]
July 7, 2020
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CJBS

Economic Impact Payments

The Treasury Department and IRS have announced that distribution of economic impact payments, made as part of the CARES Act, will begin in the next three weeks and will be distributed automatically, with no action required for most people.
April 7, 2020
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CJBS

ERC Under the Cares Act

Dear Clients and Friends, The IRS has published frequently asked questions on the employee retention credit that is contained in the CARES Act. Background. The CARES Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose […]
April 3, 2020
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