Paycheck Protection Program (PPP)As we previously indicated, the Small Business Administration (SBA) has been working to pull together the details of the PPP which was established pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act on Friday. The PPP was developed to provide small businesses with funds to pay up to 8 weeks…
We hope this message finds you healthy and optimistic about the days ahead. We are in uncertain times and facing uncharted territory, but together, we will persevere! We are with you and have spent the weekend reviewing the hundreds of pages that make up the country’s largest ever stimulus package. This law seeks to assist…
Tax Filing Deadline Update: Late this evening, the Department of Treasury added the extension of the tax filing deadline to its Coronavirus relief efforts. The department had already extended the tax payment deadline for both corporations and individual taxpayers from April 15th to July 15th (see notice here ). Tonight’s action also extends the federal income tax return filing deadline from…
Tax Filing Deadline Update: Late yesterday, the Department of Treasury extended the tax payment for both corporations and individual taxpayers from April 15th to July 15th (see notice here ). Please note, the announcement did not extend the tax return filing deadline nor does the announcement directly address any resulting penalties.We have joined many other accounting firms and the…
We just received the an update from the American Institute of Certified Public Accountants (AICPA).Based upon their conversations with the Department of Treasury, they anticipate that Treasury and the IRS will announce an extension of the April 15th deadline by as much as 90 days sometime this week. They also anticipate a waiver of penalties…
Good Afternoon ATS Clients,The global COVID-19 (coronavirus) outbreak continues to be a concern for many people. We understand the uncertainty, and we can assure you that we’re continuing to monitor developments daily.Your personal safety is our top priority. As a result, effective immediately, we are taking the following precautions:1) Clients will have the option to…
“POWER COUPLE & FAMILY BUSINESS” The bolded words highlighted on the cover of the Indiana Minority Business Magazine Crystal and Noell Allen are the dynamic duo! Crystal is a CPA and Noell is an attorney. They’re a movement by themselves, but a FORCE when they’re together. See the statement below from the President and Chief…