Oct 06, 2020

Abeles and Hoffman, P.C. Announces New Tax Supervisor

Abeles and Hoffman, P.C. is pleased to announce the addition of Jack Gilbert Barrett III to their professional team. Barrett joins the team as a Tax Supervisor. He brings seven years of experience, most recently as a Tax Manager. “I am very excited to welcome Jack to the Abeles and Hoffman team,” said Ron Abeles, […]

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Sep 28, 2020

Abeles and Hoffman, P.C. Announces New Team Members

Abeles and Hoffman, P.C. is pleased to announce the addition of Jose Garcia, and Keaton King to their professional team. These young, AICPA affiliated professionals previously served the firm as interns for one season. They now join Abeles and Hoffman as staff accountants serving in the Tax Department. “I am absolutely thrilled to welcome Jose […]

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Sep 01, 2020

IRS Issues Guidance Regarding Payroll Tax Deferral

On Friday, August 28, the Internal Revenue Service (IRS) released Notice 2020-65 (click here to read), which offers guidance regarding the implementation of the Presidential Memorandum on the deferment of certain payroll taxes released earlier this month. The memorandum, which was released by President Trump on August 8th (click here to read), called for the […]

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Jul 13, 2020

Upcoming Supreme Court Case on ACA and Protective Refund Claims

The U.S. Supreme Court has recently announced it will hear a case that challenges the constitutionality of the individual mandate under the Affordable Care Act (ACA).  The Supreme Court will hear the case during the Fall of 2020 and is expected to render a decision during the first part of 2021.  One potential outcome to […]

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Jun 25, 2020

SBA Revises Interim Final Rules for Loan Forgiveness and Loan Review Procedures

On June 22, 2020, the Small Business Administration (SBA) released additional revisions to existing interim final rules related to the Paycheck Protection Program (PPP) (click here to read). This most recent interim final rule is one of several rulings issued to date in response to the recently enacted Paycheck Protection Program Flexibility Act (PPPFA). The […]

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Jun 22, 2020

SBA Revises PPP Loan Forgiveness Application

Last week, the Small Business Administration (SBA) revised the existing forms and instructions to be used by borrowers to request forgiveness under the Paycheck Protection Program (PPP). Additionally, the SBA released a new “EZ” application available to certain borrowers. The updated PPP loan forgiveness application reflects changes to the PPP made by the recently enacted […]

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Jun 18, 2020

SBA Revises Third and Sixth Interim Final Rules

SBA Revises Third and Sixth Interim Final Rules   On June 16, 2020, the Small Business Administration (SBA) released revisions to its third and sixth interim final rules on the Paycheck Protection Program (PPP) (click here to read). This most recent interim final rule is the second of several anticipated rulings in response to the […]

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Jun 15, 2020

SBA Revises First Interim Final Rule

On June 11, 2020, the Small Business Administration (SBA) released revisions to its initial interim final rule on the Paycheck Protection Program (PPP) (click here to read). Thursday’s interim final rule is in response to the Paycheck Protection Program Flexibility Act (PPPFA) signed into law on June 5th. The PPPFA made a number of amendments […]

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Jun 04, 2020

Senate Passes Paycheck Protection Flexibility Act

On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This bill is pending approval of the President.  Upon approval, this new legislation would make key adjustments to the timeline for spending Paycheck Protection Program (PPP) funds and would revise how loan recipients would be required to allocate the money. […]

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