…Keiter Advisors, and Scott Zickefoose, tax senior manager for Keiter, shared their insights with the Richmond Times-Dispatch on how business owners should navigate SBA Loans and the Paycheck Protection Program….
…Loan Forgiveness and Business Expense Deductions While Virginia conforms to the federal tax exemption for Taxable Year 2020 for Paycheck Protection Program (“PPP”) loan forgiveness and certain funding received under…
…for qualifying property and the deferral of capital gain for dispositions of qualifying assets, and Paycheck Protection Program Loan Forgiveness Clarifications of tax consequences of PPP loan forgiveness COVIDTRA clarifies…
…Federal funding Cannot receive a Paycheck Protection Program (PPP) loan on or after December 27, 2020 (i.e. Round 2 PPP loan) Cannot be a strip club or similar business Cannot…
…Tax savings and estate tax planning advantages In most cases, we think the Roth 401(k) is the way to go. While you will see a little less in your paycheck…
…Level 1 requirements related to endpoint protection. The first two sets out requirements specified that endpoint protection software should be implemented where necessary and requires enabling automatic updates of the…
…awareness training. Since email is a primary vector for cyberattacks, including ransomware, your nonprofit can help employees ward off threat actors by implementing certain email protection controls, to include: Attachment…
…containment efforts. There has been a lot of coverage of the stimulus and the Paycheck Protection Programs, but the relief efforts have also included significant changes to retirement plans. Has…
Keiter Transaction Advisory & Tax Partner, Scott Zickefoose, shared insights on the impact of the PPP loans in the article, “$284 billion round of Paycheck Protection Program loans becoming available…
…COVID-19 business assistance programs The law provides the following regarding COVID-19 business assistance programs: Retroactively allows the up to $100,000 Virginia-specific deduction for Paycheck Protection Program (“PPP”) loan forgiveness recipients…
…not paycheck protection loans). A new emergency grant allows a business that has applied for a disaster loan to get an immediate advance of up to $10,000 and can be…
…CARES Act, and SBA Paycheck Protection Program (PPP) are continually releasing new guidance that may change the information provided within this content. Keiter recommends that you perform your own independent…