On August 8, President Trump issued a series of executive orders, one of which deferring employee payroll tax obligations through the end of the year…. Read more »
Categories: Tax, Tax Planning, COVID-19 Resources
The State of Maryland has established the Maryland COVID-19 Emergency Relief Grant Fund for 501(c)(6) Nonprofits to support Maryland’s 501(C)(6) nonprofits struggling from the financial… Read more »
Categories: Not-for-Profit, COVID-19 Resources
The COVID-19 pandemic shows no sign of slowing down, and as states begin considering options for another shut down, it seems as though we’re approaching… Read more »
Categories: Tax, Tax Planning, Consulting, Small Business, COVID-19 Resources
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, taxpayers are eligible to take up to $100,000 of coronavirus-related distributions from their retirement account… Read more »
Categories: Tax Planning, Audit & Accounting, Employee Benefit Plans, Retirement Planning, COVID-19 Resources
The Senate approved the Paycheck Protection Program Flexibility Act of 2020 (The Act) in the evening of June 3, 2020. The Act, which is presently… Read more »
Categories: Tax, Tax Planning, Small Business, COVID-19 Resources
GSG’s Director of Business Valuation and Litigation Support, Chuck Faunce, discusses gift and estate tax planning opportunities presented by the COVID-19 pandemic. The COVID-19 pandemic… Read more »
Categories: Tax, Tax Planning, Small Business, Valuation, Estate Tax, COVID-19 Resources
On Wednesday, May 20th, the Financial Accounting Standards Board (FASB) voted to delay the implementation of the new revenue recognition standards, FASB Accounting Standards Codification… Read more »
Categories: Audit & Accounting, COVID-19 Resources
In GSG’s latest podcast, Alan Stein, Director of Audit and Accounting Services, discusses the evolving role of accountants who are providing guidance for businesses preparing… Read more »
Categories: Audit & Accounting, Consulting, Small Business, COVID-19 Resources
On Friday, May 15th, the SBA released the application form that borrowers should use to apply for forgiveness on their PPP funds they received. Highlights… Read more »
Categories: COVID-19 Resources
The U.S. Department of the Treasury and Small Business Administration (SBA) made updates today to the Paycheck Protection Program (PPP) FAQs, specifically addressing what makes… Read more »
Categories: Small Business, COVID-19 Resources
