D.E. Rodrigues & Company Accounting Blog

June 2020

Tax deadline will not be extended

Written by June 30, 2020

The Internal Revenue Service recently announced, according to the AICPA, that it will not extend its tax payment and filing deadline originally extended to July 15 due tot he Coronavirus. They point out that as in a normal year, taxpayers can request and extension to file paperwork until September or October 15, depending on the entity. Feel free to reach...

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PPP Plan Update

Written by June 4, 2020

Congress has just passed the Paycheck Program Flexibility Act of 2020. This new Act eases some restrictions onĀ PPP loan funds: Specifically, the timeline has been extended from eight to twenty four weeks. The portion of the loan that must be used on payroll has been reduced to 60% from 75%. The unforgiven portion of the loan has been extended from...

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