Tag Archives: southeastern virginia

What Does the CARES Act Provide for Small Businesses?

President Donald Trump is expected to sign H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (“CARES”), which passed the House on March 27, 2020, following several days of intense negotiations between Congressional leaders and Treasury Secretary Steven Mnuchin.

The main features for small businesses are emergency grants and a forgivable loan program for companies...
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The Families First Coronavirus Response Act takes effect April 2, 2020 – Is Your Business Ready?

The passage of the Coronavirus relief law, known as the Families First Coronavirus Response Act, becomes effective April 2, 2020, and terminates on December 31, 2020.

Here are the key points:

Emergency Family & Medical Leave Expansion Act

The Act expands the Family Medical Leave Act of 1993 (“FMLA”) by including the Emergency Family & Medical Leave Expansion...
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Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2019 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

In addition to filing your taxes by this date, March 15th also marks the deadline for sending out Schedule K-1s...
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The SECURE Act: the Good, the Bad and the Confusing

On January 1, 2020, the most impactful retirement account legislation in decades became law.

The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) will have a positive impact for many older Americans but could have negative tax consequences for many beneficiaries of their retirement accounts.  

The Good and the Bad (and the Confusing)

  The SECURE Act...
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