CPA Practice

MAY 11, 2023

By George Kelly, Silicon Valley, San Jose, CA (TNS) A 58-year-old Oakland man and five others have been charged with various crimes related to a multimillion-dollar COVID-loan fraud scheme, a U.S. Assistant U.S. Justice Department spokesman said Wednesday.

payroll 127

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DentalAccounting

MARCH 26, 2020

The Dental Accounting Association, and it’s Dental CPA member firms, have launched a Small Business Loan Assistance service to support the following types of dental practices: General Dentistry. The post Coronavirus Dental Practice Loan Assistance – COVID-19 appeared first on CPA Accountants For Dentists.

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PYMNTS

APRIL 16, 2020

The Paycheck Protection Program (PPP) began accepting applications on April 3. Lawmakers and business leaders alike have high hopes for the program, believing it will help provide the funds small- to medium-sized businesses (SMBs) need to keep their operations running and their staff employed for the duration of the COVID-19 pandemic.

Maine 91

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CPA Practice

FEBRUARY 28, 2023

The COVID-19 pandemic dramatically affected business operations across industries. Nearly 63 percent of companies with employees received some kind of financial assistance in 2020, including payroll, rent, utilities, and other expenses. Make paying back loans and other debts a priority as the company’s budget is created.

payroll 64

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Withum

DECEMBER 22, 2023

The IRS previously released a withdrawal option on October 19, 2023, for taxpayers who either did not receive their ERC checks or did not cash them. Taxpayers also must disclose to the IRS identifying information and other details about any advisors or tax preparers who advised or assisted them with their ERC claims.

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ThomsonReuters

JANUARY 14, 2022

Payroll practitioners and employers alike continue to be challenged by the unique issues that COVID-19 has imposed on payroll administration. COVID tax credits and paid leave. COVID dominated the payroll landscape in 2021. The top payroll related searches for 2021. Employee retention credit. Unemployment taxes.

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ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! It’s time to advise clients to take a second look and develop real solutions to those COVID-19 credit errors and miscalculations.

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Withum

JANUARY 13, 2022

COVID Relief Programs Included: PPP, EIDL, ERC, FFCRA, SVOG, and RRF. The COVID-19 pandemic created a vast network of small business relief programs in the form of loans, grants, tax credits and direct payments. Paycheck Protection Program (PPP). Q1: Is the receipt of a PPP loan taxable?

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PYMNTS

AUGUST 7, 2020

Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the Paycheck Protection Program (PPP) of more than $28 million in forgivable loans guaranteed by the Small Business Administration. In Florida, nine defendants have been charged in the U.S

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PYMNTS

DECEMBER 16, 2020

The Visa Foundation has launched several new initiatives aimed at providing nearly $5 million in capital to minority-owned small and micro-businesses (SMB) to help them weather the ongoing COVID-19 pandemic. The organization expected to make close to $10 million in loans every month, serving 3,000 to 4,000 SMBs.

Education 100

Education Start-ups Retail 100

DentalAccounting

JULY 22, 2020

Department of Health and Human Services (HHS) will now allow dental practices that participate in the Medicaid and CHIP (Children’s Health Insurance Program) program to become eligible for the Provider Relief Program. If you would like assistance, please contact one of our Dental Accounting Association members nearest you.

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CPA Practice

JANUARY 15, 2024

A notable South Florida developer was convicted in federal court Friday of falsifying paperwork and forging signatures on applications to obtain about $900,000 in government-guaranteed loans under an emergency COVID-19 relief plan for struggling businesses during the pandemic.

Real Estate 52

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ThomsonReuters

MARCH 10, 2021

Permits the paid sick and family leave credit to be claimed by employers who provide paid time off for employees to obtain the COVID-19 vaccination or recover from an illness related to the immunization. 414(q), full-time employees, or employees on the basis of employment tenure. Unemployment Provisions.

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PYMNTS

MAY 19, 2020

A Texas man is facing charges of filing fraudulent loan applications seeking more than $5 million in forgivable loans from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), according to the U.S. Benczkowski, an assistant attorney general in the Justice Department’s Criminal Division, in a statement.

Texas 82

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KROST

JANUARY 6, 2021

Jean Hagan ( Principal, Restaurant / Business Management ) and Paren Knadjian ( Practice Leader, M&A, and Capital Markets, PPP Forgiveness ) are hosting a free webinar with Kristi Turner, CMO of Compeat Restaurant Management Software , on the PPP Second Draw Program. Maximum loan amounts and forgiveness calculations. •

Hospitality 69

Hospitality California accounting and finance Finance 69

ThomsonReuters

FEBRUARY 18, 2021

The 2021 version of Publication 15-B reflects changes to a variety of fringe benefit rules, many of which provide COVID-19-related relief. Student Loan Repayments. IRS Publication 15-B (Employer’s Tax Guide to Fringe Benefits (For use in 2021)). Available at [link]. Here are highlights: FSA Relief.

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PYMNTS

APRIL 6, 2020

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice assistant startup Voysis. Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Apple Buys AI Voice Assistant Startup To Make Siri Smarter.

Government 52

Government Technology 52

PYMNTS

MARCH 30, 2020

Here are the latest updates on COVID-19, the disease caused by the coronavirus, around the world. The central bank of Saudi Arabia is requiring lenders to offer concessional loans to companies struggling with COVID-19’s impact so they won’t have to reduce their workforces, Bloomberg reported.

Hospitality 61

Hospitality Government Finance Retail 61

PYMNTS

APRIL 10, 2020

Wells Fargo To Cap SMB Bailout Loans at $10 Billion. Wells Fargo said it would disperse $10 billion to nonprofits and companies with under 50 employees as part of the Paycheck Protection Program (PPP). The financial institution has received much interest in PPP loans as of the program’s opening day on April 3. .

Healthcare 86

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PYMNTS

JULY 1, 2020

Nearly four out of 10 CU members would be willing to switch primary FIs, according to the PYMNTS Credit Union Innovation Playbook — and the COVID-19 pandemic is making it even more important for credit unions to provide the support and stability that consumers seek. Listening to Members. Supporting Members Through the Pandemic .

Technology 86

Technology 86

PYMNTS

APRIL 21, 2020

To support large business banking customers affected by COVID-19 in Britain, Barclays is rolling out its Coronavirus Large Business Interruption Loan Scheme. The lending encompasses term loans as revolving credit facilities of a maximum of three years subject to credit approval with a facility term of at least three months.

Finance 52

Finance Government B2B 52

PYMNTS

MARCH 20, 2020

Bank of America (BoA) customers impacted by the coronavirus can request mortgage, credit card and other loan deferments, the company announced on Thursday (March 19). The bank is providing relief to its 66 million customers as part of its Client Assistance Program and will offer deferments on a case-by-case basis.

Real Estate 70

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ThomsonReuters

DECEMBER 22, 2020

Congress has passed, and the President is expected to sign, year-end appropriations legislation that includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability. Student Loan Repayments. Partial Termination Relief.

Education 90

Education Entertainment Construction Tax 90

PYMNTS

APRIL 24, 2020

In today’s top news, 19 firms are participating in a pilot program to trial China’s new digital yuan, and the U.S. Treasury ordered public companies to return Paycheck Protection Program (PPP) loans. Starbucks Among 19 Firms Trialing China’s Digital Yuan. Starbucks Among 19 Firms Trialing China’s Digital Yuan.

E-commerce 58

E-commerce Gaming 58

PYMNTS

APRIL 8, 2020

Plus, the Small Business Administration (SBA) is facing challenges with relief loans as it contends with an old computer system and too few staffers. The company assists new and upscale restaurants in updating their technology. SBA Struggling To Meet Demand For Relief Loans. Ex-Fed Head Bernanke: Prepare For Long Recovery.

Sales 80

Sales Technology 80

PYMNTS

APRIL 9, 2020

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported. The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans.

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ThomsonReuters

FEBRUARY 9, 2022

I talked about worker classification after taking an app-based driver to the airport, COVID-19 vaccines for employers after passing through airport security, and wage and hour issues after arriving in Miami Beach and checking into my hotel. Virgin Islands with outstanding federal unemployment loans. Unemployment and FUTA.

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KROST

JANUARY 14, 2021

trillion package that provides additional funding to the PPP program and includes several key provisions that will positively impact the real estate industry. Emergency Loan technical correction for deducting expenses – Business can deduct expenses paid for with forgiven emergency loans such as the PPP or other SBA assistance.

Real Estate 69

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Withum

APRIL 25, 2022

Throughout the United States, a major focus is now underway on fraudsters who descended like vultures to circle billions in COVID-19 relief funding meant for legitimate and suffering businesses. The post Two Years Later – Predictions of COVID-19 Fraud Have Become Reality appeared first on Withum. Contact Us. Contact Us.

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PYMNTS

APRIL 3, 2020

Florida-based FinTech FIS is helping lenders provide Small Business Administration (SBA) loans under the coronavirus stimulus package, the company announced Friday (April 3). small businesses and merchants impacted by the COVID-19 pandemic. small businesses and merchants impacted by the COVID-19 pandemic.

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PYMNTS

MAY 1, 2020

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal Revenue Service (IRS). . The loans do not have to be repaid if employers keep workers on the job or rehire laid-off workers. .

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PYMNTS

APRIL 24, 2020

As it tries to restart and reshape its business following a lengthy closure, Pret A Manger is reportedly in discussions to bring in a €100m loan from international banks. Santander, HSBC and BNP Paribas were in discussions to offer Pret A Manger the loans per unnamed sources in the report.

Hospitality 56

Hospitality Government Retail 56

PYMNTS

APRIL 9, 2020

trillion in loans. The Fed’s latest round of funding is expected to assist the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) by supplying cash to lenders through financing backed by PPP loans to small businesses. Powell in a statement on Thursday (April 9). In addition, the U.S.

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PYMNTS

APRIL 22, 2020

The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. In the April Digital-First Banking Tracker ® , PYMNTS explores the latest in the world of digital-first banking, including new simplified loan deferment processes from Bank of America, $3.6

Technology 56

Technology Government Sales 56

CPA Practice

JANUARY 30, 2023

It will likely be closer to normal than it has been since 2019, the last tax filing season before COVID-19 caused widespread office closures, even at the IRS, which delayed the 2020 tax filing deadline by several months. That’s without an expensive “tax refund loan” or other similar product. A professional can assist with this.

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PYMNTS

APRIL 9, 2020

trillion in loans. The Fed’s latest round of funding is expected to assist the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) by supplying cash to lenders through financing backed by PPP loans to small businesses. Powell in a statement on Thursday (April 9). In addition, the U.S.

payroll 56

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xendoo

MAY 9, 2020

Many Americans are now getting some form of economic assistance from the CARES Act — the federal government’s multi-pronged effort to save jobs and small businesses from devastation by the COVID-19 pandemic. How Layoffs Affect Your Payroll Protection Program Loan. Here’s a rundown. Xendoo can help.

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