June 18, 2021
The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.” On June 15, 2021, […]
March 24, 2021
The following is a brief summary of the American Rescue Plan Act of 2021, which was signed into law on March 11, 2021. Economic Impact Payments […]
March 17, 2021
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. This […]
March 12, 2021
The American Rescue Plan Act has passed and includes a third, much-anticipated, economic impact payment (EIP). This is one of several government measures intended to help […]
March 5, 2021
At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan application period for […]
February 17, 2021
In order to help trades and businesses retain employees and keep them employed during the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act […]
January 27, 2021
President Biden released his “American Rescue Plan” on January 14th, 2021. The list consists of proposals he wants Congress to enact to address the COVID-19 pandemic […]
January 22, 2021
Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is the second draw of forgivable Paycheck Protection Program […]
January 12, 2021
While all of us would rather forget and put 2020 behind us, the recent Act signed by the president made some retroactive changes to some of […]
December 30, 2020
After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters, Congress configured much-needed legislation. The […]
December 2, 2020
If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also […]
November 11, 2020
If you already have a budget, it’s probably been difficult for you to stick with it for the last several months. Unless you provide products and/or […]
November 2, 2020
If you are the owner of a small business that obtained a Paycheck Protection Program (PPP) loan, you are most likely aware that the loan can […]
October 16, 2020
During the COVID-19 pandemic, the IRS has furloughed many of its employees or had them work from home to mitigate the spread of the virus. Many […]
October 7, 2020
With the passage of the CARES Act stimulus package earlier this year, the federal government added $600 to the normal state weekly unemployment benefits and increased […]
September 5, 2020
Now that most businesses have used or come close to using all their PPP funds, many are eager to begin submitting their applications for loan forgiveness. […]
June 10, 2020
Now that the stay at home order and restrictions on businesses are being lifted, HAS is re-opening our office on June 15, 2020. Our firm has […]
June 5, 2020
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law to further help small businesses affected by COVID-19. The goal of […]
May 27, 2020
Recently the Small Business Administration (SBA) released the PPP Loan Forgiveness application and instructions and Interim Final Rule on Loan Forgiveness. While some questions still remain, […]
May 19, 2020
As Michigan gradually begins lifting the stay-at-home order, “business as usual” will have become a thing of the past for both business owners and employees. Contemplating […]
May 1, 2020
The Paycheck Protection Program (PPP) Loans have drawn all types of struggling businesses during this COVID-19 crisis. The primary draw was the added provision of 100% […]
April 29, 2020
Now that many business owners are past the stressful work of navigating the Paycheck Protection Program (PPP) application process, it seems like the hardest part is […]
April 11, 2020
Michigan’s self-employed workers, gig workers, 1099-independent contractors and low-wage workers affected by COVID-19 can apply for federal Pandemic Unemployment Assistance (PUA) beginning Monday, April 13 at […]
April 11, 2020
Another provision provided in the March 27th CARES Act to help businesses keep their employees on payroll is the Employer Retention Credit (ERC). The ERC provides […]
April 1, 2020
There has been some confusion as to what affect the CARES Act has on Federal student loans. Prior to the CARES Act, the president announced a […]
March 31, 2020
Economic Injury Disaster Loan (EIDL) Advance Summary: Small businesses will be eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The […]
March 27, 2020
On the heels of the IRS extensions, Governor Whitmer temporarily suspended the Michigan income tax filing and payment due dates. Below are the new filing and […]
March 27, 2020
Businesses in Michigan have resources for strategies during the COVID-19 Pandemic. Here is a list of some webinars available to assist your company. Score Webinars A […]
March 27, 2020
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law in an effort to stimulate our weakened economy […]
March 27, 2020
This page provides resources to answer the most common questions regarding tax payment relief. IRS: https://www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers
March 27, 2020
Michigan Small Business Relief Programs Grants Grant Amount: Up to $10,000 Eligible Businesses: Business is an industry outline in an Executive Order suspending business activities or […]
March 24, 2020
Michigan employees who have to leave work due to the COVID-19 pandemic will qualify for unemployment benefits. For individuals that were required to leave work because […]
March 22, 2020
Under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act), the Secretary of Treasury was instructed to provide additional tax filing relief to […]
March 19, 2020
IT’S OFFICIAL! The Treasury Department and IRS are providing the following special tax payment relief: Q. What is the tax payment relief?A. Federal income tax payments […]
March 18, 2020
Small businesses affected by the spread of the COVID-19 epidemic who were originally going to make their monthly sales, use and withholding tax payments on March […]
March 18, 2020
The Families First Coronavirus Response Act, signed March 18, 2020, was one of the earlier COVID-19 pandemic initiatives signed into law. Several provisions are included in […]
March 18, 2020
Dear Clients: We hope you and your family are safe and taking the necessary precautions regarding this outbreak. We are writing because there has been a lot of misinformation […]
March 17, 2020
Our clients and team members are our first priority. As you all are well aware, the threat level of COVID-19 continues to increase in this country […]
March 12, 2020
As you all are well aware, the threat level of COVID-19 continues to increase in this country and is changing rapidly. As we continue learning more […]
West Michigan COVID-19 Business Coalition https://www.covidwm.org/
IRS https://www.irs.gov/coronavirus
Small Business Administration https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources