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Here are your articles for Monday, May 18, 2020
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PPP: IRS and SBA Issue New Guidance

The IRS and SBA continue to release additional guidance on the PPP that is applicable to those applying for loans and those who already have them. Click through for key clarifications in this important but complicated program.

How the CARES Act Impacts Required Minimum Distributions

The CARES Act  passed in response to COVID-19 allows certain individuals to skip their required minimum distribution for 2020.  Click through for more details about delaying required withdrawals from a retirement account until 2021.

Do You Qualify for the Economic Retention Credit?

The Paycheck Protection Program Loan may be the most highlighted and talked about program; however, the Economic Retention Credit is also designed to keep employees employed.  This program provides a fully refundable tax credit to some employers.  Click through for more information.

Payroll Tracking During the COVID-19 Pandemic

Tracking payroll during the coronavirus pandemic will benefit employers during worker compensation and general liability audits.  Click through for more information.

When Working at Home Is Impossible

Americans are being encouraged to work from home, but for millions, it's impossible. Medical workers, supermarket staff, plumbers — none of them can close up shop. Click through to learn more about businesses that must remain open.

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CironeFriedberg, LLP
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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