PPP Loans Under $50,000
On October 8, 2020 the SBA and Treasury Department released updated rules and a new forgiveness application Form SBA 3508S…
COVID-19 & Retirement Plans
Under the CARES Act and related Notice 2020-50 issued by the IRS, retirement plan participants affected by COVID-19 can take…
Revised Form 941 – Employers Third & Fourth Quarter 2020 Payroll Taxes
The IRS has released a draft version of the revised Form 941 (https://www.irs.gov/pub/irs-dft/f941–dft.pdf) to be used by employers for third…
RebuildVA Small Business Grant Program
The Commonwealth of Virginia created the Rebuild VA Small Business Grant Program to assist small businesses and non-profits that experienced…
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Paying your employees for hours that you know they’ve worked is straightforward enough. But what if they’re doing more work…
PPP Forgiveness – A Message to Our Clients
We know you are busier than ever trying to run your business and manage the ever-changing environment under COVID-19 mandates….
Additional PPP Forgiveness Guidance Released
On August 11th the SBA released additional Frequently Asked Questions specifically related to the expenses eligible for PPP loan forgiveness. …
New Regional Sales and Use Tax in Central Virginia Region
Effective Oct.1, 2020, a new 0.7% regional retail sales and use tax will be levied in localities in Central Virginia….
ERISA Notices During the COVID-19 Crisis
Here’s a question about the timing of ERISA Group Health Plan communication during the pandemic. Q: We understand that the…
401(k) Plan Amendments Due to COVID-19
Here’s a question from a company about waiving the required minimum distribution (RMD) requirement for their 401(k) plan participants. Q….