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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.

Medical Loss Ratio: Rebates Both Mandatory and Voluntary

The medical loss ratio calculation is an important — and technical — aspect of the Affordable Care Act. But many don't understand it. Click through for a review of what the MLR is and how the pandemic may have changed it.

COVID-19 and Workers' Compensation

It seems that the current pandemic is affecting every aspect of business and finance — and the workers' comp system is no exception. Click through for a brief review of the complex interplay between workers' comp and new regulations.

IRS Gives Break on Flexible Spending Plans

The IRS has issued new guidance to grant increased flexibility on 125 cafeteria plans, health flexible spending arrangements and dependent care assistance programs. Click through to learn how to take advantage of the new rules.

Why Didn't I Get My PPP Loan?

The PPP comes from the government, and that means lots of rules. If you were unsuccessful in getting a loan, it may be difficult to figure out which qualification you missed. Click through to help track down the problem.

Know the Tax Rules for Employee Loans

Companies may allow workers to take a draw against commissions or give them some other form of salary advance. It's perfectly legal, but employers need to know the rules. Click through for the tax implications of employee loans.

Kim & Lee
Kim & Lee, LLP
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Torrance, CA 90504
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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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