COVID-19 Weekly Update – June 24 2020

As a New York City accounting office, I like many have been looking forward to seeing our staff and co-workers in person starting this week with the “Phase 2 re-opening”. We are happy to see that as businesses across the country slowly reopen, the IRS is also beginning to send employees back. So far, employees in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee and Missouri) are back at work,…  Read more

COVID-19 Weekly Update – June 17 2020

Resources to Help You Survive – and Thrive – During the COVID-19 Pandemic When the COVID-19 pandemic was just beginning to spread, many of us were hopeful that by mid-summer, things would return to normal. However, most people are realizing that the coronavirus will be with us for some time to come. That’s one of the conclusions from a series of short articles at the New York Times aptly titled…  Read more

H.R. 7010, Paycheck Protection Program Flexibility Act of 2020 Passes in the House

On May 28th The House passed the Paycheck Protection Program Flexibility Act of 2020 with nearly a unanimous vote of 417-1.  The official text of the Bill H.R. 7010 is posted here The bill is intended to make the terms of use for the PPP funds more flexible, as many businesses are still prohibited from opening and many employees are reluctant to return to their workplace.  This expansion is NOT…  Read more

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