Treasury, IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date WASHINGTON – Working with the Treasury Department, the Internal Revenue Service today unveiled the new…
Scams, Fraud, and Hackers in the Time of Coronavirus
With an alarming increase in scams, cybercrimes, and other fraud schemes, we all need to be extra diligent in our actions to protect our businesses, our computers, our children, and ourselves. Here are some things we need to watch out…
The Paycheck Protection Program (PPP) Loan and the Economic Injury Disaster (EIDL) Loan
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law, and one part of it includes two loan programs for small businesses. Paycheck Protection Program (PPP) Loan Owners of businesses, including nonprofits,…
An Overview of the Tax Credits Available Under the CARES and FFCRA Acts
On Friday, March 27th, President Trump signed a historic stimulus bill: the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This legislation’s many provisions provide emergency relief for those suffering financial hardships due to COVID-19 including individuals, businesses, state and…
Retirement Plan Distributions Relief Available to Individuals Under the CARES Act
To aid individuals during this time of economic uncertainty, the CARES Act has a few provisions that change some of the rules for retirement plan distribution rules, allowing qualified individuals access to their retirement funds. Below we have summarized what…
Summary of the Employee Retention Tax Credit Provision of the CARES Act
One of the many key provisions in the CARES Act is the Employee Retention Credit. This credit is geared towards employers subject to partial or full COVID-19 related closures. This credit impacts compensation, furlough, and layoff strategies. If you are…
CARES Act: Understanding the Paycheck Protection Provision (SBA 7(a) Loan Program
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 provides $349 billion in funding for the Small Business Administration (SBA) in an effort to provide assistance and relief to America’s small businesses struggling under…
CARES Act Overview: The Impact on Taxpayers and Businesses
The President signed the latest COVID-19 relief bill on March 27: The Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief for businesses, employees and families, in an effort to maintain livelihoods…
Employer Resource Guide: FAQ – Adjustments to FMLA and Paid Sick Leave in Response to COVID-19
*Disclaimer: Miller & Associates has put together this guide from various resources that are publicly available to help address the many questions we are getting from our business owners. This is not a substitute for professional advice from an employment…
SBA Providing Disaster Assistance Loans to Qualified Small Businesses
Is your business in a designated disaster zone? Learn if you are eligible for an Economic Injury Disaster Loan of up to $2 million from the Small Business Administration (SBA)? SBA Providing Disaster Assistance Loans to Qualified Small Businesses Qualified…