Updated Federal and State Filing Deadlines

By Daniel Packard, MAcc, CPA, CVA, CFE The US Treasury Department and the IRS recently announced that the federal income tax filing due date for individuals will be automatically postponed from April 15, 2021 to May 17, 2021.  Please note that the postponement applies only to individual federal income tax returns and related tax payments… Read More

American Rescue Plan Act of 2021

By Daniel Packard, CPA, CFE, CVA Today, Congress passed the American Rescue Plan Act of 2021.  The bill is now headed to President Biden’s desk for signature.  The bill largely aligns with the framework put forth by President Biden, as it includes extensions of enhanced unemployment relief, increased funding for COVID-19 testing and vaccination programs,… Read More

Stimulus Legislation Information Released – Second Round of PPP Loans, Stimulus Checks, and Taxation of PPP Proceeds

Consolidated Appropriations Act On December 21, 2020, Congressional leaders released the text of the Consolidated Appropriations Act.  The omnibus legislation encompasses a number of smaller acts, funding the government for the 2021 fiscal year, as well as providing relief for the escalating COVID-19 pandemic, economic stimulus, and tax relief.  This 5,500 page piece of legislation… Read More

CARES Act Provider Relief Fund- ROUND 3

Written by Tim Anderson New funding is Available. Effective immediately, the HHS is accepting applications for new funds available to healthcare providers in the battle against the COVID-19 pandemic. WHO The eligible pool of recipients is even larger now than ever. Medical, Dental, and Behavioral health providers can apply, even if they received funds from… Read More

Dental Medicaid, CHIP providers have until Aug. 3 to apply to HHS Provider Relief Fund

As an update to our correspondence last week, eligible Medicaid and Children’s Health Insurance Program dental providers now have until Aug. 3 to apply to receive funding from the U.S. Department of Health and Human Services’ Provider Relief Fund Payment Portal, the department announced. “HHS is continuing to work with provider organizations, congressional, state and… Read More

Provider Relief Fund for Dentists

All dentists can now apply for financial assistance through the U.S. Department of Health and Human Services’ Enhanced Provider Relief Fund Payment Portal. The Provider Relief Funds were allocated by the CARES Act and the Paycheck Protection Program and Health Care Enhancement Act. Providers have until July 24 to apply for the program, which provides… Read More

Can’t Qualify for Surety Bonding? Try SBA.

Contributed by THC – The Hartwell Corporation Surety Bonds can be confusing if your firm is not familiar with the surety process. Most commercial contractors will run into needing a Bid Bond and or a Performance & Payment Bond when working on a Public project. There are several surety bond options available to contractors depending… Read More

CFAP Program Applications

On April 20th, we told you about money Congress had appropriated to ag producers to help fight the economic effects of the COVID pandemic (https://www.coopernorman.com/stimulus-money-for-the-ag-sector/). Yesterday morning, the USDA announced that beginning next Tuesday (May 26), producers who have suffered losses can begin submitting applications (https://www.farmers.gov/cfap). Some items to note: To complete your application, you will need… Read More

PPP Loan Forgiveness – New Legislation

Friends, The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation last night, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The Senate approval sends the House bill, called the Paycheck Protection Flexibility Act, to President Donald… Read More