COVID-19 - Dealership News

Will the PPP Loan My Dealership Received be Forgiven?

Will the PPP Loan My Dealership Just Received be Forgiven? Your Dealership just received a loan through the Payroll Protection Program. When the government set up the program, they said these loans could be forgiven under certain conditions. What are those conditions and how can you tell whether you have met them? Per the program,…

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Payroll Protection Program: Interim Final Rule

Payroll Protection Program: Interim Final Rule On April 2, the SBA released an Interim Final Rule (the IRF), which provides much anticipated and requested guidance related to the implementation of the Payroll Protection Program (PPP)—a new program instituted under the CARES Act. While the IRF is considered “interim” and requests public comments over a 30-day…

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CARES Act Paycheck Protection Program Webinar

CARES Act Paycheck Protection Program The recently passed CARES act has a section called the Paycheck Protection Program designed to help mitigate the effect of the current crisis on your employees and your business. Brady Ware’s webinar will discuss how you can take advantage of this significant Federal relief.   [ DOWNLOAD SLIDES ]  

Update to Notice 2020-18: Gift and Generation-Skipping Transfer

Update to Notice 2020-18, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, Related to Gift and Generation-Skipping Transfer On March 27, 2020, IRS released Notice 2020-20 which provides relief to taxpayers who have Federal gift (and generation-skipping transfer) tax returns and payments due on April 15, 2020.  The April 15, 2020 deadline is…

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Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

CARES Act signed into law On March 27, 2020, Congress passed the $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). President Trump signed the Act into law shortly thereafter. The CARES Act is very broad and contains provisions for Small Business Administration loans, assistance to distressed sectors,…

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