PPP application deadline extended

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, thus providing potential PPP borrowers additional time to submit their applications. The law doesn’t provide the PPP with any additional funding. However, $7.25 billion in…

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Make the most of the Employee Retention Credit

The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for a year. But questions about it remain for many employers. With the new American Rescue Plan Act (ARPA) extending the credit and expanding eligibility — and the credit worth as…

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The American Rescue Plan Act provides sweeping relief measures for eligible families and businesses

On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of the ongoing COVID-19 pandemic. In addition to funding for testing, contact tracing, vaccinations, education, and state and local governments, the ARPA includes extensive…

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The American Rescue Plan Act has passed: What’s in it for you?

Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden is expected to sign the 628-page American Rescue Plan Act (ARPA), which includes $1.9 trillion in funding for individuals, businesses, and state and local governments. The ARPA…

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2017 Continuing Professional Education Conference Invitation

As part of our commitment of providing continuing education opportunities for our staff and other CPAs in the Yakima Valley, we are once again organizing a continuing professional education conference. We extend an invitation to our clients, colleagues, and other professionals in our community to join us and participate in this great two‐day event. You…

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Lock In Estate Value: File Your Gift-Tax Return

In our last article, we identified situations when you are required to file a gift tax return. However, reasons exist for when filing a gift-tax return even though it’s not required is a good idea.  Doing so could save your family a great deal of bother and money in the future.

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