Uncategorized

All PPP borrowers must certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations.” According to the SBA guidance issued May 13, 2020 “any borrower that, together with its affiliates, received PPP loans with an original principal...

Get our PPP Forgiveness Calculator (Excel). Enter your name and email address below and the calculator will be emailed to you. [gravityform id="16" title="false" description="false"] Questions on PPP loan forgiveness? Learn how to maximize your approval for loan forgiveness! Haynie & Company and NOW CFO teamed up to...

[The Internal Revenue Service is urging taxpayers who want to receive their economic impact payments by direct deposit to register their information by Wednesday, May 13, at noon, or else they will have to wait longer to receive the payment by check.] Many clients have contacted...

In an attempt to alleviate some of the economic pressure created by COVID-19, the government has begun to pause collection activities for some taxpayers. The suspension period will run from April 1, 2020- July 15, 2020, but interest will continue to accrue at a rate of...

The CARES Act includes Pandemic Unemployment Assistance (PUA) provisions that extend and supplement state-provided unemployment insurance and are intended to lessen the financial burdens on individuals who have lost their jobs because of the COVID-19 emergency by allowing states to extend unemployment benefits up to...

May 2020 Individual Due Dates May 11 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May...

View our April 23 Webinar: Maximizing PPP Loan Forgiveness Though we just got word about the Senate approval of an additional $350 billion dollars in PPP Loan funding, the primary questions we are now being asked are about the calculation and amount of Forgiveness once loans...

PPP loan forgiveness questions?  Received funds and now what?  Learn how to maximize your approval for loan forgiveness! Haynie & Company and NOW CFO teamed up to educate and discuss how to maximize your PPP loan forgiveness! If your PPP loan has been submitted, accepted or...