Tag Archives: Coronavirus Response Team

A (Second) Stimulus for the Rest of Us!

By dsjAdmin | Published June 19, 2020

- Mnuchin indicates Trump Admin looking at second round of stimulus payments ‘very seriously’
- Admin struggling to find balance with additional economic impact payments & UI benefits
- Decision expected in the coming weeks as Congress debates fourth stimulus package

Posted in COVID-19 News, News & Articles | Also tagged Coronavirus, Coronavirus pandemic, Coronavirus Response Team (CRT), covid-19, dsjcpa, Economic Impact Payments, long island accounting firm, stimulus checks, stimulus payments, Trump Administration Comments Off

PPP Forgiveness App Streamlined for Fund Recipients; ‘EZ Version’ Introduced for Self Employed Owners

By dsjAdmin | Published June 18, 2020

- Simpler loan forgiveness application created to provide flexibility to small businesses
- Revisions made as businesses begin to reach the 8-week period option for forgiveness
- SBA also created ‘EZ’ version aimed to help self-employed business owners, others

As many businesses begin … Continue reading

Posted in COVID-19 News, News & Articles | Also tagged ‘EZ’ version, accountant, accounting, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsjcpa, loan forgiveness, PPP Flexibility Act, PPP Forgiveness App Comments Off

Fed Unveils Main Street Lending Program As Businesses Continue to Look for Support

By dsjAdmin | Published June 16, 2020

- Additional loan facility aims to support businesses who did not receive PPP funding
- Different loans will be made to businesses up to 15,000 employees, $5 billion in revenue
- Program is backed by Federal Reserve and was created by the CARES

Posted in COVID-19 News, News & Articles | Also tagged cares act, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsjcpa, Federal Reserve, long island accountant, Main Street Lending Program, PPP funding Comments Off

Opportunity Zone Deadlines Extended by IRS Due to COVID-19, Creates Timing Uncertainty

By dsjAdmin | Published June 12, 2020

- IRS Notice 2020-39 extends investment deadline to December 31, 2020
- It also extends other benchmarks, such as 90% Asset Test or 30-month substantial improv. period
- Delay has welcomed relief to both investors and qualified opportunity zones
- Investors unclear how to

Posted in COVID-19 News, News & Articles | Also tagged Coronavirus, covid-19, IRS Notice 2020-39, Opportunity Zones Comments Off

HHS Implements Rigorous Reporting Requirements for Healthcare Providers That Received CARES Funding

By dsjAdmin | Published May 21, 2020

- Recipients of Provider Relief Funds required to file reports quarterly, beginning June 30
- Healthcare providers rapidly approaching May 24th deadline to accept funds and T&Cs
- If lost revenues or COVID-19 expenses are less than funds received, HHS set to claw

Posted in COVID-19 News, News & Articles | Also tagged accountant, accounting, cares act, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsj cpa, dsjcpa, healthcare, long island accountant, long island accounting firm, Provider Relief Funds Comments Off

The PPP Lawsuit Games: May the Odds Be Ever In Your Favor

By dsjAdmin | Published May 12, 2020

- California firm sues SBA, US Treasury based on updated guidance surrounding PPP
- Company argues PPP money vital to survival despite having access to additional liquidity
- Lawsuit comes as the first of many expected to be filed by businesses across the

Posted in COVID-19 News, News & Articles | Also tagged accountant, accounting, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsjcpa, dsjcpa corvid-19, long island accounting firm, ppp Comments Off

Quarterly Sales Tax Payers Only Granted 60 Days Relief Despite Many Businesses Still Being Closed

By dsjAdmin | Published May 7, 2020

- NYS Sales Tax payments delayed from March 20th to May 20th, giving vendors only 60 days relief
- Short period of relief leaves vendors frustrated, as most are still out of business
- No guidance from Governor or Dept of Taxation and

Posted in COVID-19 News, News & Articles | Also tagged business, Coronavirus, covid-19, DSJCPA COVID-19 Information Center, NYS Sales Tax Comments Off

NYS Senate Hopeful Pushes to Declare China Handling of COVID-19 Act of Terrorism

By dsjAdmin | Published April 29, 2020

- Palumbo (R-New Suffolk) calls on Trump, Cuomo to declare Chinese COVID-19 response an Act of Terrorism
- Doing so would allow businesses to access Terrorist Risk Insurance Fund
- Small businesses continue to have claims denied due to lack of virus-specific coverage

Posted in COVID-19 News, News & Articles | Also tagged business, Coronavirus, Coronavirus Response Team (CRT), covid-19, COVID-19 Act of Terrorism, Cuomo, donald trump, dsj cpa, dsjcpa, small business, Terrorist Risk Insurance Fund Comments Off

DSJ: Your Trusted Advisor Through COVID-19 And Beyond

By dsjAdmin | Published April 7, 2020

Dear Valued Client,

During these unprecedented times, we are aware that many businesses are being forced to make tough decisions in order to make ends meet. Our Firm has a highly qualified and dedicated staff available to help manage your

Posted in COVID-19 News, News & Articles | Also tagged accountant, accounting, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsjcpa, long island accountant, long island accounting firm Comments Off

Meet the DSJ Coronavirus Response Team

By dsjAdmin | Published April 2, 2020

As your trusted advisors, DSJ is committed to sharing the best information available concerning Coronavirus (COVID-19) to our clients and to helping you navigate through this turbulent business climate.

A MESSAGE FROM OUR MANAGING PARTNER

Given the unprecedented times we … Continue reading

Posted in COVID-19 News, News & Articles | Also tagged accountant, accounting, bob jahelka, Coronavirus, Coronavirus Response Team (CRT), covid-19, dsjcpa, long island accountant, long island accounting firm Comments Off