COVID-19 Resource Center

As the Covid-19 situation continues to change daily, we are taking precautions to keep our employees, families and clients healthy. Below is information covering tax updates and questions from our clients. We will closely monitor any new developments and as the landscape continues to evolve, we will keep you updated.

Additional Guidance on PPP Loan Forgiveness

By Gina Brymer, CPA - Senior Manager and Laurie Kaplan, CPA - Partner  September 1, 2020 On August 24, 2020, the Small Business Administration (SBA) issued an interim final rule that provides additional guidance on treatment of owners and...

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Frequently Asked Questions on PPP Loan Forgiveness

By Gina Brymer, CPA - Senior Manager and Laurie Kaplan, CPA - Partner August 12, 2020 On August 4, 2020, the Small Business Administration (SBA) in consultation with the Treasury Department released a ten-page Frequently Asked Questions (FAQ)...

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The IRS Provides RMD Rollover Relief

June 26, 2020 On June 23, 2020, the Internal Revenue Service released Notice 2020-51 that provides relief to taxpayers who had already taken their required minimum distributions (RMD) prior to the CARES Act that suspended the requirement for 2020....

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Information Regarding the Coronavirus

Over the past weeks we have seen an increasing spread of the Coronavirus (COVID-19) throughout the world. As more cases pop up in the Chicago area and the threat comes closer to home, it is becoming increasingly evident that we need to heed all...

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