Steps to PPP Loan Forgiveness

Many of you have applied for financial aid via the newly enacted Paycheck Protection Program.  We have begun to see the fulfillment of these funds, and an associated influx of questions of how to best use these funds. The Paycheck Protection Loan has a unique forgiveness feature.  The design of this feature is to encourage business owners to… Read More

“HHSPAYMENT” Deposits

Many of you are probably seeing some surprise deposits in your business accounts today. As part of the CARES Act President Trump signed into law on March 27th, $100 billion was allocated for the purpose of giving COVID-19 patients access to healthcare. $30 billion is being transferred immediately into medical practice accounts. These deposits are… Read More

Filing and Payment Deadlines

Friends, As April 15th approaches, many states have provided additional payment and filing guidance.  While most states have followed the federal postponement, it is important to understand the respective guidelines for states where you file.  To assist in this process, we have summarized the filing, payment, and estimate guidance from each state.  Please contact your… Read More

CARES Act, Tax Reform, and More

The President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service is still necessary to fully explain the value and impact of these provisions.The CARES Act endeavors… Read More

CARES Act Passed By House

As expected, the House passed the CARES Act.  Please note, the legislative process is not completed. Regulatory guidance from federal agencies such as the Department of Labor, Department of Treasury, Department of Health and Human Services, and the Internal Revenue Service may be necessary to fully explain the value and impact of these provisions. Click… Read More

Families First Coronavirus Response Act Update

Friends, Additional clarity surrounding the Families First Coronavirus Response Act has been provided.  The Secretary of Labor has released a poster outlining the provisions required under the new Emergency Paid Sick Leave Act.  The effective date of compliance is April 1st.  You can find the poster and sample policies that reflect these changes below, as… Read More

Cooper Norman Office are Going Virtual During COVID-19

Dear Clients and Friends, At Cooper Norman we are continuing to do our part to help minimize the spread of COVID-19.  As such, we feel it is necessary to make additional temporary adjustments in our business practice for the protection and safety of our staff, colleagues, and clients.  We are making these adjustments effective immediately…. Read More