The Treasury Department and the Internal Revenue Service provided guidance in Notice 2020-54 to employers requiring them to report the amount of qualified sick … [Read more...]
Treasury – IRS Issue Guidance on Reporting Qualified Sick and Family Leave Wages under the FFCRA
July 8, 2020
WorkforceHUB Simplifies Onboarding
June 29, 2020
See how the WorkforceHUB can simplify your onboarding. Does your company use a structured onboarding protocol? If you don’t, you’re not alone. Like most … [Read more...]
Deducting Summer Activity Expenses
June 28, 2020
The kids are out of school and summer is well underway. Make sure you understand the rules regarding the tax deductibility of summer activities and related … [Read more...]
Above-the-Line Charitable Contribution
June 28, 2020
Above-the-Line Charitable Contribution The CARES Act authorizes an eligible individual to take a qualified charitable contribution deduction of up to $300 … [Read more...]
PPP Recipients Can Apply Early for Loan Forgiveness – SBA New Interim Final Rule
June 24, 2020
On Monday night, 6-22-20 the SBA in consultation with the Treasury issued a new Interim Final Rule related to the Paycheck Protection Program (PPP), which was … [Read more...]
Contracting/Bid Laws
June 22, 2020
Based on the contracting and bidding requirements, CDS has decided to highlight three items that are either newer or items we have noticed inconsistencies with … [Read more...]
Government Firm Highlights (July 2020)
June 22, 2020
MEMBER SPOTLIGHT Brenda Parsley, CPA, joined CDS in 2016 as a Staff Accountant. She graduated from Southwest Minnesota State University in Marshall, MN with … [Read more...]
SBA Accepting New EIDL Applications
June 16, 2020
The US Small Business Administration (SBA) has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants. … [Read more...]
SBA Issues First Guidance for PPP Flexibility Act
June 12, 2020
Highlights of SBA Interim Final Rule (IFR) Guidance President Trump signed into law the Paycheck Protection Program Flexibility Act on June 5, 2020. On … [Read more...]
Paycheck Protection Flexibility Act
June 4, 2020
On June 3, the U.S. Senate unanimously passed the Paycheck Protection Flexibility Act and on June 5, President Trump signed the Act. The flexibility provisions … [Read more...]
