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 [...]
CRI Partner Kellie Shipley recently spoke via virtual webinar to small business owners in Corpus Christi, TX on April 22, 2020. Her section of the webinar covered new sections of the Paycheck Protection Program, Economic Injury Disaster Loans, and new tax legislation.
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 [...]
On April 3, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an update notice to financial institutions related to the COVID-19 Pandemic, covering five primary topics: Compliance with BSA Obligations FinCEN emphasized the continued importance of BSA compliance in protecting national security by combating money laundering and related crimes, including terrorist financing. It is expected [...]
In December of 2019, one might have said it would take a natural disaster for CECL to be delayed for those required to comply in the first quarter of 2020. Fast forward to March 13, and we have the equivalent as the President declared a national emergency related to the coronavirus/COVID-19 outbreak. In response, the [...]
On March 31, 2020, CRI Partner Frank Burns spoke to business owners, CFO's, and chamber members via a virtual webinar. This presentation addressed previous audit and accounting issues within banking, gave updates on current issues, and had a Q&A session for each speaker after the presentation.
UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the PPP by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more. On Friday, March 27, in response to the devastating impact of the COVID-19 pandemic on the U.S. economy, Congress passed, and President Trump signed the Coronavirus [...]
Our country is experiencing extraordinary times, and we are far from routine expectations. Local governments may soon find themselves in a cash crunch because local businesses that generate consumption taxes (sales, use, lodging, and fuel taxes), fees, and permits are going through excruciating financial pain. As the title suggests, managing cash is a necessity – [...]
CARES Act – Paycheck Protection Program and SBA Economic Injury Disaster Loan (EIDL) – Loan Forgiveness and Advances
As of April 16, 2020, the Small Business Administration (SBA) noted on its website that it is currently no longer able to accept new applications for the Economic Injury Disaster Loan (EIDL) assistance program (including EIDL advances) based on available appropriations funding. Please note that if you have already submitted your application, that the SBA [...]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has expanded the Small Business Act’s (SBA) Emergency Economic Injury Disaster Loan (EIDL) grant program to allow small businesses, who are suffering economic harm due to COVID-19, access to loans and provided them with $10 billion in funding to support this program. EIDL loans are made [...]