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Coronavirus Updates

Together, we are facing a truly unprecedented situation. The global coronavirus pandemic is affecting all of our families, communities, businesses, and way of life. During this difficult time, Machen McChesney will continue to monitor the situation and take action as necessary. This page will help keep you up-to-date with valuable information for you personally and your business.

Updates

April 9, 2020
Unemployment Compensation Under the CARES Act
Social Security Recipients to Receive the Economic Stimulus Payment

April 7, 2020
The Restaurant Employee Relief Fund

April 6, 2020
Economic Impact Payments - What You Need to Know

April 1, 2020
Cares Act Fixes the "Retail Glitch" to Make Qualified Improvement Property Eligible For Bonus Depreciation

March 30, 2020
Breaking Down the CARES Act

March 28, 2020
FFCRA Notice and Unemployment Information
Paycheck Protection Program

March 27, 2020
Accounting & Reporting Considerations During the Coronavirus Outbreak

March 26, 2020
IRS Releases FAQs Regarding July 15, 2020, Postponed Income Tax Filing and Income Tax Payment Date

March 25, 2020
IRS Outlines Procedures for Payroll Tax Credits and Rapid Refunds for Employers

March 24, 2020
How To Determine If An Employer Has "Fewer Than 500 Employees" For COVID-19 Federal Paid Sick And Family Leave Mandates

March 23, 2020
Protect Your Company's Cash Position

March 20, 2020
Small Business Administration Coronavirus Response Loan
Employers Can Provide Tax-free Qualified Disaster Payments to Employees
Tax Filing Deadline Moving to July 15, 2020

March 19, 2020
Families First Coronavirus Response Act Update

March 17, 2020
Coronavirus Tax Payment Delay

March 16, 2020
Machen McChesney Office Update Regarding Coronavirus

 

Industry Insights 

CARES Act Relaxes Qualified Plan and Employee Benefit Rules to Improve Cash Flow for Employer and Employees

Answers to Questions About the CARES Act Employee Retention Tax Credit

CARES Act Provides Option to Delay CECL Reporting

Rules and Guidance for Companies With Employees at Home

Coronavirus (COVID-19): Tax Relief for Small Businesses

Coronavirus Strikes Nonprofits in More Ways Than One

Beware: Coronavirus May Affect Financial Reporting