by Rupinder | May 13, 2020 | Uncategorized
NSA sent a letter to Senator Chuck Grassley (R-IA) last week objecting to details of IRS Notice 2020-32. Lawmakers on both sides of the aisle are requesting that the Internal Revenue Service (IRS) reverse their ruling made in Notice 2020-32. This momentum, now...
by Rupinder | May 4, 2020 | Uncategorized
The SBA reopened the PPP last Monday, once again offering a pipeline for small-business loans and grants. The reopening, however, echoed the previous efforts by the administration to support small businesses with a chorus of complaints from borrowers and lenders alike...
by Rupinder | Apr 30, 2020 | Uncategorized
Key government agencies are simply overwhelmed by the worst economic downturn in 80 years, the resulting demand for the relief, and the speed at which it is needed. These agencies are understaffed and underfunded and are struggling to deliver. Millions of households...
by Rupinder | Apr 30, 2020 | Uncategorized
On April 23, the Small Business Administration (SBA) issued new guidance intended to prevent larger publicly traded companies from accessing the next round of Paycheck Protection Program (PPP) funding intended for small business relief. The new SBA guidelines require...
by Rupinder | Apr 17, 2020 | Uncategorized
The Small Business Administration (SBA) has announced further guidance and details to the advance on their Economic Injury Disaster Loan (EIDL). Information is also given regarding the Paycheck Protection Program. NSA will provide further information as it becomes...
by Rupinder | Apr 15, 2020 | Uncategorized
The Treasury & IRS have unveiled the new online application to help with COVID-19 Economic Impact Payments. Get My Payment allows people to provide direct deposit information and gives an expected payment date. “Get My Payment will offer people with a quick...
by Rupinder | Apr 14, 2020 | Uncategorized
NSA provides information on the current status of additional funding to the PPP loans out of Washington. Partisan Politics Deepen as Democrats Remain Determined on CARES 4 Funding Demands John Rice, NSA CEO The Trump administration’s request to Congress last...
by Rupinder | Apr 13, 2020 | Uncategorized
NSA CEO John Rice has written an article to keep you up to date on the evolving Paycheck Protection Program loan roll-out. This article discusses the US Senate’s failure to reach a deal on an additional $250 billion for the PPP and the urgency for funding to...
by Rupinder | Apr 9, 2020 | Uncategorized
Alexandria, V.A. (April 8, 2020) – Today, the National Society of Accountants (NSA) sent a letter to all members of Congress voicing concerns raised by NSA members regarding the implementation issues of the CARES Act. The position of the NSA is that the programs aimed...
by Rupinder | Apr 8, 2020 | Uncategorized
The IRS has released infographics explaining the upcoming economic stimulus checks for people who have yet to file (or may not need to file) their tax return, and general information about the value of the payments. These PDFs are an excellent resource to share with...
