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An Important Update on Federal Tax Guidance During COVID-19 Pandemic



Chris Cruger Chris Cruger        March 25, 2020

The Internal Revenue Service (the IRS) issued official guidance on March 18, 2020, that some income tax payments can be delayed for 90 days until July 15, 2020, with some limitations, due to the impacts of the COVID-19 pandemic. However, taxpayers still need to file either their income tax return or extension request with the IRS […]


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Revised Guidance Issued for Small Business Loans Due to COVID-19



Nicole Vullo Nicole Vullo        March 25, 2020

The Small Business Administration issued revised guidance for small businesses seeking economic relief as a result of COVID-19 pandemic on March 12, 2020. Organizations who are suffering substantial economic harm from the pandemic can seek economic injury disaster relief loans (EIDLs) from the SBA for working capital. For more information and to learn more about […]


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COVID-19 Can Lead to Cybersecurity Risks—Protect Your Organization



Nicole Vullo Nicole Vullo        March 25, 2020

In response to the COVID-19 pandemic, also known as coronavirus, many work forces are operating remotely to keep their employees safe. However, an increase in people utilizing a work-from-home environment has led to a rise in cybersecurity risks. A complete overview of the risks your organization could face, a list of action items, and next […]


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COVID-19 Disrupts Financial Reporting



Nicole Vullo Nicole Vullo        March 25, 2020

Global efforts to contain the spread of COVID-19, have significantly impacted many businesses and the global economy. While the situation is evolving rapidly, and the full impact is not yet known, the disruption caused by the coronavirus is affecting business and consumer activities worldwide–including disruption to major financial markets, supply chains, interruption of production, limited […]


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COVID-19 Relief Act Signed by the President



Nicole Vullo Nicole Vullo        March 25, 2020

President Trump has signed into law the Families First Coronavirus Response Act (H.R. 6201) despite objections from some lawmakers that the act doesn’t offer enough assistance and could hurt some small businesses by mandating paid sick and family leave. The act includes a wide range of provisions, including: Insurance coverage Reimbursement of diagnostic testing costs […]


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