Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900

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

January 7, 2021
PPP2 Initial Overview

August 17, 2020
The President's Action to Defer Payroll Taxes: What Does It Mean for Your Business? 

August 13, 2020
Overview of the 4 Executive Orders Signed on August 8, 2020

August 12, 2020
The Latest Updates on PPP Loan Forgiveness Applications
The Possible Tax Consequences of PPP Loans

July 30, 2020
Health and Human Services Relief Funds

July 29, 2020
State of Alabama New Employer Requirement

July 24, 2020
Revive Alabama Grant

July 9, 2020
Unemployment Fraud

June 4, 2020
Paycheck Protection Program Flexibility Act of 2020

June 3, 2020
Paycheck Protection Program Loan and Forgiveness Best Practices

May 26, 2020
IRS Issuing Stimulus Checks Via Debit Cards

May 20, 2020
Amended "Safer-at-Home"

May 19, 2020
Hiring and Recalling Workers

May 18, 2020
PPP Loan Forgiveness Application Issued

May 13, 2020
SBA "Certification" Safe Harbor for PPP Loans Under $2 Million

May 12, 2020
Return of IRS Economic Stimulus Payments Received by Ineligible Taxpayers

May 6, 2020
Scammers are Targeting Stimulus Checks

May 1, 2020
EIDL Application and Loan Update

April 28, 2020
"Safer-at-Home" Order

April 27, 2020
Maximize PPP Forgiveness

April 16, 2020
U.S. Chamber of Commerce Foundation Grant  
Types of Messages on the "Get My Payment" Web App

April 15, 2020
IRS Opens Economic Payment Portal 

April 13, 2020
IRS Launches an Economic Impact Payment Tool for Non-filers

April 10, 2020
IRS Extends Additional Tax Filing Deadlines

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 

The CARES Act Liberalizes Net Operating Losses

Government Assistance Programs: Are You Ready for Scrutiny?

The New COVID-19 Law Provides Businesses With More Relief

Relief From Not Making Employment Tax Deposits Due to COVID-19 Tax Credits

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