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Under the ARPA Coronavirus State and Local Fiscal Recovery Funds final ruling, your city’s decision regarding the amount of funding to be used-under or over the $10 million threshold-must be reported in your April 30, 2022 Project and Expenditure Report. The choice indicated on that report cannot be changed later, so now is the time to make this critical decision.
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The Final Rule for the Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) was released in January 2022 and provided much needed clarification for local governments. As you prepare for your upcoming audit and CSLFRF Reporting requirements, keep these important reminders top of mind.
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On January 6, 2022, the US Treasury released the Coronavirus State and Local Fiscal Recovery Funds Final Rule. The Final Rule is effective April 1, 2022, and provides much-anticipated clarification. The Interim Final Rule is still effective through March 31, 2022, but the Final Rule can be implemented prior to its effective date.
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As we near the end of 2021, we are continuing to see a flurry of vaccine mandates, and it seems just as many litigation challenges to them. Our team has assembled a quick reminder of the current status of the recent legislations related to vaccines as we head into the new year.
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The Infrastructure Investment and Jobs Act Includes Tax-related Provisions You’ll Want to Know About
President Biden has officially signed into law the Infrastructure Investment and Jobs Act. While the bulk of the law is directed toward massive investment in infrastructure projects across the country, a handful of noteworthy tax provisions are tucked inside it – find out about these provisions and how they may affect your organization.
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For many employers and employees, there are very strong feelings, both positive and negative, about what the ETS means for themselves personally, their communities and nation. Despite all of this, covered employers should inform themselves of the details of the Emergency Temporary Standards, start planning and take action now to be ready for the upcoming implementation deadlines.
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Employers should act now to determine if they are included in the mandates, how they will demonstrate compliance and how they will communicate and carry out any new vaccine-related policies. Join us on Thursday, November 11th, for a discussion featuring leading professionals from Abdo and Blethen Berens that will help you understand the regulations and ensure you’re in compliance.
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Fresh IRS guidance is available for employers claiming the Employee Retention Credit in the third and fourth quarters of 2021. Our team is closely monitoring the situation as guidance continues to be released regarding ERC updates and their implications. Read more to find out how this update could impact your organization.
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For PPP loans of $150,000 or less the SBA has eased the forgiveness process through two new avenues – direct borrower forgiveness and the COVID Revenue Reduction Score. Learn more about these new forgiveness options and if one of them could help you get loan forgiveness more quickly and easily.
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If you received a PPP loan, important forgiveness deadlines are approaching. Let our team help you face the next step in your recovery through the submission of a timely and thorough PPP forgiveness application that leaves no room for surprises. Learn more about the upcoming deadline and reach out so we can help you prepare for it.
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