To help businesses navigate the evolving landscape surrounding the COVID-19 pandemic, this resources page is organized to provide more information about our:
- CARES Act Response Team
- Tax and Legislative Updates
- Business Advisory Insights
- Brown Smith Wallace Business Briefs
- Webinars On Demand
- COVID-19 Business Response Services
CARES Act Response Team (click to expand)
The accountants and business performance advisors at Brown Smith Wallace have assembled the CARES Act Response Team to help businesses and individuals:
- Understand the law’s provisions
- Determine eligibility for emergency loans and grants, tax credits, rebates, tax deferrals, and more
- Develop a strategy for accessing and utilizing the aid
- Prepare and submit your PPP loan forgiveness application
Learn more about how our cross-functional team can help you through this uncertain and turbulent time.
Tax and Legislative Updates (click to expand)
- 11.20.2020 PPP Expenses Not Deductible in 2020
- 5.12.2020: The CARES Act Liberalizes Net Operating Losses
- 5.12.2020: Business Charitable Contribution Rules Have Changed Under the CARES Act
- 5.4.2020: IRS Releases Guidance on Deductibility of PPP Loan Expenses
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4.29.2020: Hiring Independent Contractors? Make Sure They Are Properly Classified
- 4.24.2020: ALERT: Congress Expands Small Business COVID-19 Relief
- 4.21.2020: CARES Act Provides Substantial Tax Deductions by Expanding Bonus Depreciation to “Qualified Improvement Property”
- 4.16.2020: Your Legacy: Charitable Giving is Vital During the COVID-19 Crisis
- 4.15.2020: IRS Provides Relief for Employers Failing to Make Employment Tax Deposits Due to COVID-19 Tax Credits
- 4.15.2020: Review Your Estate Plan in the Midst of a Major Life Shock
- 4.13.2020: The IRS Announces New COVID-19 Assistance for Taxpayers
- 4.9.2020: Sales and Use Tax Relief Provided in Response to COVID-19
- 4.7.2020: CARES Act Changes Retirement Plan and Charitable Contribution Rules
- 4.6.2020: Answers to Questions About the CARES Act Employee Retention Tax Credit
- 4.2.2020: The Gift Tax Filing and Payment Deadlines Have Been Extended
- 3.31.2020: CARES Act Offers Relief to Individual Taxpayers Affected by COVID-19
- 3.31.2020: Cash Payments and Tax Relief for Individuals in the CARES Act
- 3.30.2020: CARES Act Provides COVID-19 Pandemic Relief to Businesses
- 3.27.2020: How Will the COVID-19 Health Crisis Affect Financial Reporting?
- 3.26.2020: CARES Act Will Provide Billions of Dollars of Relief From COVID-19 Impact
- 3.26.2020: Did COVID-19 Disrupt Your Property Tax Compliance Efforts?
- 3.26.2020: Individuals Get Tax and Other Relief from COVID-19
- 3.25.2020: COVID-19: IRS Action Taken and Federal Tax Legislation Enacted to Ease Tax Compliance Burdens, Economic Pain
- 3.25.2020: COVID-19 Changes Some State and Local Tax Obligations (updated 4.14.2020)
- 3.20.2020: Tax Filing Deadline Moved to July 15
- 3.20.2020: What You Need to Know About the Families First Coronavirus Response Act
- 3.19.2020: The IRS Issues Guidance on the Tax Payment Extension Deadline
- 3.17.2020: COVID-19 Relief Legislation Signed into Law
- 3.16.2020: Brown Smith Wallace Client Tax Alert: COVID-19 Update
Business Advisory Insights (click to expand)
- 08.27.2020 SBA Releases Guidance on Owner-Employee Compensation and Rent-Related Costs
- 08.05.2020 SBA Releases Updated FAQs on PPP Loan Forgiveness
- 7.15.2020: New Provider Relief Fund Program Announced for Dentists
- 06.17.2020 SBA Releases Revised Form 3508 and New Form 3508EZ for PPP Loan Forgiveness
- 5.18.2020: Treasury Releases Application for PPP Loan Forgiveness
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5.13.2020: Treasury Issues Further Clarity on Certification for PPP Loans
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5.13.2020: SBA Releases Interim Final Rule on Loan Increases for Certain Partnerships and Seasonal Employers
- 5.12.2020: Occupational Fraud Occurrences Increase During a Crisis – Is Your Organization Prepared?
- 5.11.2020: Frequently Asked Questions from Connecting CARES Act Funding Options for Health Care Providers Webinar
- 5.8.2020: HHS Extends Deadline for Attestation, Acceptance of Terms and Conditions for Provider Relief Fund Payments to 45 Days
- 5.7.2020: Telehealth and Audio-Only Visits: What’s New for Medicare Patients and Providers
- 5.7.2020: SBA Extends the PPP Repayment Deadline for Self-Certification
- 4.29.2020: 5 Ways to Protect Remote Workers — and Your Organization — from Cyberattacks
- 4.28.2020: Internal Controls Considerations for CARES Act Funds
- 4.27.2020: Paycheck Protection Program – Additional Criterion for Seasonal Employers
- 4.27.2020: How to Calculate Loan Amounts by Business Type Under the Paycheck Protection Program
- 4.27.2020: Calculating Loss or Damages for a Potential COVID-19 Business Interruption Claim
- 4.20.2020: Everyone Loses When Workers Are Paid "Under the Table"
- 4.17.2020: My PPP Loan Was Approved – What Now?
- 4.15.2020: Top Concerns for Insurance Carriers During the COVID-19 Pandemic
- 4.15.2020: SBA Issues Second Interim Final Rule – Clarification of Partnership Filings, Individuals with Self-Employment Income and Affiliation Rules
- 4.15.2020: Accelerated and Advanced Payments Offered to Medicare Participants Fighting COVID-19
- 4.14.2020: Successful Sourcing and Contracting Amid Disruption
- 4.14.2020: How Telehealth Changes Can Benefit Providers and Keep Patients Safe During the COVID-19 Pandemic
- 4.14.2020: Download Now — SBA Lending Comparison Chart
- 4.10.2020: HHS Begins Delivery of $30 Billion in CARES Act Relief Funding to Providers
- 4.8.2020: Using Predictive Analytics for Cash Flow Forecasting
- 4.8.2020: Three Ways Business Process Automation Can Improve Cash Flow
- 4.8.2020: Companies’ Goodwill Impairments Expected to Substantially Spike this Year
- 4.8.2020: Cash Flow Optimization – Building Cash Management to be a Competitive Advantage
- 4.8.2020: Learning to Forecast and Manage Payables
- 4.8.2020: Effectively Forecasting and Managing Receivables
- 4.8.2020: How to Forecast and Manage Inventory
- 4.8.2020: If You're Working Remotely, How Do You Plan to Close Your Books?
- 4.8.2020: CARES Act: Small Business Loans and Grants FAQs
- 4.7.2020: New FAQs Answered by the SBA Regarding the Paycheck Protection Program (updated 5.4.2020)
- 4.7.2020: Managing Cash Flow During a Period of Crisis
- 4.6.2020: Colleges and Universities: Considerations When Issuing Refunds for Room and Board
- 4.6.2020: Fake COVID-19 Treatments and Other New Fraud Schemes
- 4.6.2020: How Lessons from Last Recession Can Help Organizations Today
- 4.6.2020: SBA Releases Affiliation Rules for the Paycheck Protection Program
- 4.6.2020: Additional SBA Loan and Grant Program Guidance and FAQs for Faith-Based Organizations
- 4.1.2020: SBA Releases Additional Guidance for Paycheck Protection Program (PPP) (updated 4.8.2020)
- 4.1.2020: Insurers May Be Forced to Cover COVID-19 Claims
- 4.1.2020: Cash Flow Management in Times of Uncertainty
- 4.1.2020: TTB Postpones Tax Payment and Other Filing Due Dates
- 3.31.2020: Production of Ethanol-Based Hand Sanitizer During COVID-19 Outbreak
- 3.31.2020: Alcohol Product Returns for Events Cancelled Due to COVID-19
- 3.31.2020: What's in the CARES Act for Small Businesses: Loan and Grant Programs
- 3.30.2020: How COVID-19 Poses New Fraud Threats to Vulnerable Businesses and Individuals
- 3.27.2020: Coronavirus Aid, Relief and Economic Security "CARES" Act: Small Business Lending (updated 4.8.2020)
- 3.26.2020: Fraudsters Are Using COVID-19 to Fleece Americans
- 3.25.2020: Updates on SBA Disaster Loans (updated on 4.6.2020)
- 3.25.2020: Former CEO Says Lessons from Last Recession Can Help Businesses Today
- 3.24.2020: Missouri & Illinois Businesses and Nonprofits Now Eligible for SBA Disaster Loans (updated on 4.14.2020)
- 3.20.2020: COVID-19: Beware Fraudsters During an Uncertain Time
- 3.17.2020: COVID-19: Ways to Ready Your Organization for Future Disruption
Brown Smith Wallace Business Briefs (click to expand)
- 4.27.2020: Business Brief: CARES Act - Paycheck Protection Program
- 4.16.2020: Business Brief: CARES Act - Utilizing the Coronavirus Relief Fund (updated 4.23.2020)
- 4.14.2020: Business Brief: CARES Act - Delay of Payment of Employer Payroll Taxes
- 4.8.2020: Business Brief: Families First Coronavirus Response Act
- 4.6.2020: Business Brief: CARES Act Employee Retention Credit
- 3.31.2020: Business Brief: CARES Act Individual Tax Rebate
Watch Webinars On Demand (click to expand)
- 4.30.2020: WEBINAR RECORDING: Connecting CARES Act Funding Options for Health Care Providers
- 4.28.2020: WEBINAR RECORDING: My PPP Loan Was Approved – What Now? SBA Loan Forgiveness
- 4.17.2020: WEBINAR RECORDING: Sustainable Cost Management During a Crisis
- 4.3.2020: WEBINAR RECORDING: Understanding the CARES Act — Small Business Loan and Grant Programs
- 4.1.2020: WEBINAR RECORDING: Managing Cash Flow Through Uncertainty
