In the Case of PPP Applications, Time is of the Essence

The Paycheck Protection Program (PPP), perhaps the most crucial element of the Coronavirus Aid, Relieve and Economic Security (CARES) Act, sets aside $349 billion in forgivable loans for small businesses feeling the impact of COVID-19 nonessential business shutdowns amid social distancing orders.

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CFOs Steering Companies Through COVID-19

Chief financial officers are playing a key role in helping their companies cope with the fallout from the coronavirus pandemic and the economic devastation it’s causing, according to officials from the Institute of Management Accountants.

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MEDC And US Treasury Rush To Aid Small Businesses

The Department of Homeland Security (DHS) has updated its Cybersecurity and Infrastructure Security Agency (CISA) guidance on critical workers.

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Welcome To April, Financial Literacy Month!

Instead of playing pranks today we’re celebrating the fiscal responsibility and awareness which we could all use a little more of right now.

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PPP Applicants Should Use Gross Payroll Approach

For the calculation of the Average Monthly Payroll cost under the Paycheck Protection Program (PPP), the Gross Payroll approach should be used for the application, according to the recommendation from the AICPA-led small business funding coalition.

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Social Security Recipients & Economic Impact Payments

The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment.

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MICPA Member Alert – Governor Issues Executive Order

Referred to as the “Stay Home, Stay Safe Order,” Executive Order No. 2020-21 temporarily requires the suspension of all activities that are not necessary to sustain or protect life.

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Getting People Engaged During The Coronavirus Outbreak

Complexity is the defining business and leadership challenge of our time. But it has never felt more urgent than this moment, with the coronavirus upending life and business as we know it.

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Governor Announces State Tax Deadline Extended

Michigan Governor Gretchen Whitmer has signed an executive order (EO 2020-26) that will extend the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020.

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