As the repercussions of COVID-19 continue to materialize, many businesses are exploring relief programs and options for keeping their doors open and financials stable. Whether you are just starting the application process, or you have already been approved for financial assistance, there are many ways a CPA can help you and your business get back [...]
CRI Partner Frank Mason recently spoke to primarily Gainesville Chamber of Commerce Members via Facebook Live on May 6, 2020. Frank's purpose was to introduce the firm and its various services, industry specialties of the firm, portfolio companies, and more. During this presentation, he discussed CRI's COVID-19 services and the resources available to all that [...]
On May 12, 2020, the IRS issued a notice permitting employers to allow the increased flexibility to make mid-year changes to their employer-sponsored health coverage, flexible spending accounts (FSAs), and dependent care assistance programs. Due to the impacts of the novel coronavirus, workers' needs and access to health care and childcare have vastly changed, thus [...]
The COVID-19 crisis has had a considerable impact on governments across the country in a short space of time. In some areas, tribal governments are among the hardest-hit by the health crisis and are struggling to maintain personnel and consistency in day-to-day financial operations. On top of this, the rapid speed of developments makes it [...]
As with so many things in life these days, change within the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program seems to be inevitable. The EIDL application portal, on the Small Business Administration's website, was overwhelmed with applications for loans and emergency advances within the first couple of weeks of operation. This resulted in [...]
Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, business owners who experienced net operating losses (NOLs) in recent years have new flexibility to apply those losses to offset taxable income. The IRS issued a series of revenue procedures and other guidance to help taxpayers take advantage of the relaxed NOL rules. Background [...]
Historically, hazardous duty pay has been associated with dangerous military actions, usually in a foreign country, in times of war or peril. Certainly, we’re living in unprecedented times where history seems to be re-written daily, and the enemy now moves swiftly, not only abroad, but here at home in America. As in any time of [...]
CRI Partner Lorie Keegan recently spoke via webinar to 40 of Florida's non-profit organizations about the loans available to them during the COVID-19 pandemic. This webinar as held on April 28, 2020.
On April 23, 2020, CRI Partner Heather Jourdan spoke to small business owners through a virtual meeting regarding recent changes and updates to the Paycheck Protection Program and forgiveness calculations.
CRI Partner Dougl Koval recently kicked off a virtual meeting hosted by the Garland Chamber of Commerce on April 20, 2020. In this meeting, Doug provided information about CRI and our services as well as current topics regarding COVID-19 to an audience of primarily manufacturers.
CRI Tax Partner and Inclusion and Diversity Committee Member, Kathie Gottlieb, was recently inducted into the Women's Collective Advisory Board of Atlanta, Georgia. The Women's Collective focuses on promoting and enhancing women leaders, with a focus on three key areas: Workplace, Education, and Mentorship. For more information on The Women's Collective, click here.
When Essential Business Is Risky Business: Workers’ Comp & OSHA Considerations in the Time of COVID-19
As COVID-19 continues to rearrange the structure of our workplaces and daily routines, the construction industry has been absorbing the shock of this global event in a unique fashion. At the time of this writing, the businesses for most construction contractors are considered “essential” under the various state law codes covering disaster responses. While the [...]
On April 24, 2020, the President signed a bill providing for expansion of the funding for various relief programs in the total amount of $484 billion. The legislation includes additional dollars for the heavily utilized Paycheck Protection Program, specific funding for hospitals and health care providers to cover coronavirus expenses and lost revenues, and adds [...]
CRI MELBOURNE – Robert Broline: Brevard Business Support – Tax and Policy Changes for Small Business Owners
CRI Partner Rob Broline recently appeared in a virtual webinar where he spoke to small business owners in Brevard County, FL. This webinar discussion included information on the CARES Act, the Paycheck Protection Program (PPP), and more regarding the relief options provided by the SBA and Federal Government.
UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the EIDL program by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more: https://www.cricpa.com/additional-funding-ppp-eidl-relief/ Please note that if you have already submitted your application, that the SBA is continuing to process those applications on a first-come, first-served basis. [...]
CRI MELBOURNE – Michael Cerow: Brevard Business Support – Tax and Policy Changes for Small Business Owners
CRI Partner Michael Cerow recently spoke in a virtual webinar where he spoke to small business owners in Brevard County, FL. This webinar discussion included information on the CARES Act, the Paycheck Protection Program (PPP), and the Families First Coronavirus Response Act (FFCRA).
CRI Partner Ann Marie Sale recently spoke to ABC News Channel 7 in Panama City Beach, FL on April 7, 2020. Her discussion was on the Small Business Administration loans including the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program.
IRS Expands Tax Deadline Deferrals to Cover Individuals, Trusts, Estates, Corporations, and Other Non-Corporate Tax Filers
To further aid taxpayers affected by the COVID-19 outbreak, the U.S. Department of Treasury and the IRS have elected to extend further critical tax deadlines affecting individuals and businesses. This notice expands the relief announced in March that allows most taxpayers until July 15, 2020, to file and pay federal income taxes that were originally [...]
If you completed an application for an SBA Economic Injury Disaster Loan (EIDL) prior to 9:30PM EDT on Sunday, March 29, 2020, the SBA is advising business entities to reapply for the EIDL using their newly updated online application process. Earlier versions of the application did not include the ability to mark a box that [...]
Clean, audited financials open doors for your business. Whether you’re bidding on a major contract or looking for new sources of financing, audited financials will hasten the decision-making process, priming your business for new growth and helping you accomplish other organizational goals. So what can you do to make sure your audit proceeds without a [...]