Highlights of the American Rescue Plan Act
Yesterday, President Biden signed the American Rescue Plan Act of 2021. As with previous legislation passed to combat the economic...
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Anthony Candela
- Jan 19
- 2 min
A Word on the Employee Retention Credit
While the additional PPP funding and stimulus checks garnered most of the attention of the stimulus package signed by President Trump on...
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Anthony Candela
- Jan 6
- 2 min
Additional Information on the Revamped Paycheck Protection Program
The first round of PPP funding ran out fast, and many businesses who were not prepared ahead of time were unable to successfully apply...
13 views0 comments
Anthony Candela
- Dec 30, 2020
- 3 min
Key Provisions of the Recently signed Consolidated Appropriations Act
By now we are sure you have heard that President Trump signed the Consolidated Appropriations Act, 2021. While the stimulus checks have...
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Anthony Candela
- Nov 20, 2020
- 2 min
IRS and SBA Issue Updates on PPP Forgiveness and Deductions
We wanted to share some guidance issued on November 18 on the deductibility of expenses related to Paycheck Protection Program (PPP)...
22 views0 comments
Anthony Candela
- Nov 6, 2020
- 2 min
What is a Bank Reconciliation and Why is it Important?
While this article is written more from a business perspective, it applies to personal accounts as well. If you have ever “balanced your...
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Anthony Candela
- Nov 3, 2020
- 2 min
2021 Key Figures
If you are like most people, you probably can't wait to put 2020 behind you. With that in mind, we wanted to share some of the key...
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Anthony Candela
- Oct 19, 2020
- 1 min
Update on PPP Loan Program
It has been a little time since we last reached out to you with an update on the Paycheck Protection Program. We wanted to share two...
21 views0 comments
Anthony Candela
- Aug 31, 2020
- 2 min
Is the New Payroll Tax Deferral a Good Idea?
You may recall that President Trump signed an executive order on August 8 which, among other things, created a payroll tax deferral...
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Anthony Candela
- Aug 28, 2020
- 1 min
Your 401k plan may Change under a Biden Administration
We wanted to share a quick update on an overlooked part of Vice President Joe Biden's tax plan which he and his team put forth in July....
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Anthony Candela
- Jul 20, 2020
- 2 min
Don't rush to apply for PPP forgiveness
We wanted to share a quick update on the Paycheck Protection Program (PPP). As we are sure you can appreciate, there is still...
16 views0 comments
Anthony Candela
- Jul 1, 2020
- 1 min
PPP Loan Application Deadline Extended to August 8th
Last night the Senate passed by unanimous consent a five-week extension of the Paycheck Protection Program (PPP) just a few hours before...
11 views0 comments
Anthony Candela
- Jun 18, 2020
- 2 min
Strings attached to the EIDL as Well
It appears as though the SBA is ramping up issuance of the Economic Injury Disaster Loans (EIDL). And although the requirements for how...
30 views0 comments
Anthony Candela
- Jun 16, 2020
- 1 min
Received a PPP Loan before June 5? Contact your banker Now!
One of the provisions of the PPP Flexibility Act was to extend the repayment period of any PPP loan NOT forgiven from 2 years to 5...
22 views0 comments
Anthony Candela
- Jun 4, 2020
- 1 min
Senate approves Paycheck Protection Program Flexibility Act
Last week the House passed the Paycheck Protection Program Flexibility Act. The Senate has approved the Act and it now heads to the...
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Anthony Candela
- May 28, 2020
- 2 min
House passes Paycheck Protection Program Flexibility Act
By a vote of 417-1, with 1 Republican voting no and 13 Republican Members not voting, a few minutes ago, the House passed HR 7010, the...
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Anthony Candela
- May 5, 2020
- 1 min
SBA issues PPP guidance on Laid-off Employees
Many small businesses have now received PPP loans. These small businesses are now turning their attention to loan forgiveness. We...
28 views0 comments
Anthony Candela
- Apr 14, 2020
- 1 min
Is now the time to adopt Virtual Bill Pay?
Undoubtedly, the world is much different today than it was just a month ago. And as we all learn to live in this “new normal”, maybe now...
43 views0 comments
Anthony Candela
- Apr 8, 2020
- 1 min
A word about the Employee Retention Credit
We hope that this post finds you well. As we are sure you have figured by now, one of the the main goals of the CARES Act has been to...
54 views0 comments
Anthony Candela
- Apr 3, 2020
- 1 min
Estimated Tax Payment Due Dates_2020
We hope you are well and that you are staying safe. While our focus lately has been on the CARES Act and its impact on businesses, we...
25 views0 comments
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