(authored by RSM US LLP) After negotiations go to the 11th hour, Congress passes tax fix for PPP, changes to loan forgiveness and establishes second-draw program....
(authored by RSM US LLP) The package provides additional funding for the Paycheck Protection Program and allows certain borrowers to draw second round of PPP funding...
On Dec. 7th, the Haynie & Company Corporate office hosted an American Red Cross blood drive. Our Salt Lake City team had 33 participants and successfully collected 29 units! Thank...
(authored by RSM US LLP) Employers may wish to pay Social Security taxes deferred under the CARES Act before the due date and should consider certain items....
(authored by RSM US LLP) The Treasury Department is not extending nine of the 13 liquidity and lending programs aimed at easing the effects of the pandemic....
IRS Guidance on Deductibility of PPP Loan Expenses The IRS recently issued Revenue Ruling 2020-27 that states that expenses paid using PPP funds are not deductible in 2020 if there is...
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the CARES Act eases the rules for claiming certain tax losses. This article...
What word other than “unprecedented” can be used to describe the events we’ve experienced this year? During such times, tax planning is far from top of mind. But it’s still...