Paycheck Protection Program Loan Recent Developments

Uncategorized | Jun 1, 2020

On May 28th the House of Representatives passed a House bill called the Paycheck Protection Flexibility Act, H.R 7010.  This bill provides some favorable changes to the rules surrounding the Paycheck Protection Program. Some of the changes include: Potential expansion of 8-week covered period to 24 weeks or December 31st... Read More

Commonwealth of Massachusetts Tax Deadlines

Uncategorized | Mar 24, 2020

The Commonwealth of Massachusetts has not formally announced the extension of state personal or corporate income tax filing or payment deadlines. Sales and use tax deadlines for filing returns and making payments have been extended.  The Commonwealth is postponing the collection of regular sales tax, meals tax, and room occupancy taxes... Read More

Tax Filing Deadline Extended to July 15th

Uncategorized | Mar 18, 2020

Taxpayers can defer tax payments of up to $1 million until July 15 in response to the emergency declaration granting relief amid the coronavirus pandemic In addition, any taxpayer or business making quarterly payments on their estimated taxes for the current tax year may also defer their payment for 90 days.... Read More

Money-Saving Strategies to Use During the Coronavirus Outbreak

Uncategorized | Mar 18, 2020

Actions you can take Below is a list of suggestions for your consideration in addition to what you may be doing already to preserve cash. Any taxes due on your 2020 tax return will not be due for 90 days after April 15th. You will still need to file your return by April... Read More

Massachusetts Small Business Recovery Loan Fund

Uncategorized | Mar 17, 2020

Loan Fund Details: Open to Massachusetts-based businesses impacted by COVID-19 with under 50 full and part-time employees, including nonprofits (a negative financial impact must be verifiable). Loans are available immediately and with no payments due for the first 6 months, then 30-months of principal and interest payments and no prepayment... Read More

SBA Economic Injury Disaster Loan Fund

Uncategorized | Mar 17, 2020

As of March 16, 2020, SBA relief funds are eligible for the following counties in Massachusetts: Berkshire Hampden Worcester If your business residence is not in these counties, you are ineligible for relief funds. As additional counties are included in fund eligibility, we will update you by email and through... Read More