Blog

Homebuyers: Can you deduct seller-paid points?

Homebuyers: Can you deduct seller-paid points?

Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the pandemic: “With the sizable shift in remote work, current homeowners are looking for larger homes…” according to NAR’s Chief Economist Lawrence Yun. If you are […]

Read More...

Back-to-school tax breaks on the books

Back-to-school tax breaks on the books

Despite the COVID-19 pandemic, students have gone back to school for the fall, either remotely, in-person, or under a hybrid schedule. In any event, parents may be eligible for certain tax breaks to help defray the cost of education. Here is a summary of some of the tax breaks available for education. 1. Higher education […]

Read More...

How fraud perpetrators are stealing unemployment benefits

How fraud perpetrators are stealing unemployment benefits

When Congress authorized an additional $600 in monthly unemployment benefits as part of the CARES Act, out-of-work Americans were not the only ones it helped. Criminals have descended like locusts on state unemployment insurance agencies, using stolen identities to fraudulently claim both standard benefits and the additional funds administered by the Pandemic Unemployment Assistance (PUA) […]

Read More...

SBA EIDL

SBA reopens EIDL program to small businesses and nonprofits

On June 15th, the Small Business Administration (SBA) announced that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program to eligible applicants still struggling with the economic impact of the COVID-19 pandemic. The EIDL program offers long-term, low-interest loans to small businesses and nonprofits. If your company has not been able […]

Read More...

NEW PPP LOAN FORGIVENESS APPLICATIONS

New PPP Loan Forgiveness Applications Released

The U.S. Small Business Administration (SBA) along with the U.S. Treasury, released a revised loan forgiveness application for the Paycheck Protection Program (PPP) this past Wednesday. The SBA also unveiled a new EZ application for forgiveness of PPP loans. These applications reflect changes made by the Paycheck Protection Flexibility Act of 2020 (Flexibility Act), which […]

Read More...

PPPFA

Changes to PPP Rules and Guidance

The U.S. Treasury, along with the Small Business Administration (SBA), announced several updates to the Paycheck Protection Program (PPP) rules and guidance through the Paycheck Protection Program Flexibility Act (PPPFA) of 2020. According to Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza, the PPPFA will help businesses by providing more time and flexibility to […]

Read More...