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CA Lawmakers Reach COVID Relief Deal Including Partial PPP Conformity
Richard A. Huffman, CPA, MST
Tax Partner
The long awaited recently announced California pandemic relief package includes the following benefit highlights for businesses and individuals:
California partial conformity to federal…

New COVID Relief Bill Expanded Employee Retention Credit Benefits
Richard A. Huffman, CPA, MST
Tax Partner
The recently enacted stimulus law expands and clarifies the CARES Act Employee Retention Credit (ERTC), key details are as follows:
Beginning on January 1, 2021 and through June…

New COVID Relief Bill Signed Into Law
Richard A. Huffman, CPA, MST
Tax Partner
The House and Senate passed the Consolidated Appropriations Act, 2021 (CAA, 2021) which is expected to be signed into law by the President.
The CAA, 2021 bill includes…

SBA Releases PPP Flexibility Act Guidance and Revised Forgiveness Application Form
Richard A. Huffman, CPA, MST
Wright Ford Young & Co., CPAs
The Small Business Administration has released additional Paycheck Protection Program (PPP) guidance and revised the forgiveness application form to align with the Paycheck…

BREAKING NEWS: Significant Taxpayer Friendly Changes to the Paycheck Protection Program.
Richard A. Huffman, CPA, MST
Wright Ford Young & Co., CPAs
The Senate just passed the House bill, called the Paycheck Protection Flexibility Act which is expected to be signed into law by the president. The law will extend the Paycheck…

Non-Deductibility of PPP Related Expenses to the Extent of Forgiven PPP Funds (IRS Notice 2020-32)
Janet Kim, CPA, MST
Wright Ford Young & Co., CPAs
The IRS released Notice 2020-32 on April 30, 2020, which provides guidance on the deductibility of expenses paid with Paycheck Protection Program (PPP) loan proceeds that…

Summary Analysis of Coronavirus Enacted Laws
By Richard A. Huffman, CPA, MST
With the recently enacted laws to help companies with the current Coronavirus pandemic, there has been confusion regarding which benefit programs will apply to what companies.
In our efforts to assist you…