by CGS3 | Jan 18, 2021 | Coronavirus, COVID-19, Tax
Latest Tax Changes Included in the Consolidated Appropriations Act 2021 Eligible businesses can now apply for a second PPP loan following the passage of the Consolidated Appropriations Act 2021, which was signed into law on December 27, 2020. The latest spending bill...
by CGS3 | Jul 24, 2020 | Coronavirus, COVID-19, Tax
As part of continuing efforts to address ambiguities encountered in the CARES Act, on June 5, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law, amending the original Paycheck Protection Program and offering further clarity on its...
by CGS3 | Jul 2, 2020 | Coronavirus, COVID-19, Tax
On June 3, the Senate passed a bill making it easier for more businesses to apply for financial assistance through the CARES Act’s Payment Protection Program. H.R. 7010 extends the time periods during which borrowers must use the PPP loan funds and gives greater...
by CGS3 | Jun 10, 2020 | Coronavirus, COVID-19, Tax
After weeks of confusion, the Small Business Association published the Loan Forgiveness Application, answering many of the questions that arose following the introduction of the Paycheck Protection Program in late March. The new Loan Forgiveness Application provides...
by CGS3 | Jun 4, 2020 | Coronavirus, COVID-19, Tax
Some homeowners and small businesses impacted by the COVID-19 pandemic will receive a highly anticipated property tax relief that delays deadlines and waives penalties until next year. The relief offer by Executive Order N-61-20, issued by California Governor Gavin...
by CGS3 | May 22, 2020 | Coronavirus, COVID-19, Insight Alert, Tax
On May 6, 2020, California Governor Gavin Newsom issued Executive Order N-61-20, which provides relief from property tax penalties for taxes paid after April 10, 2020. The Order also provides that the 10% penalty and interest will not apply for failure to pay a...
