The Consolidated Appropriations Act that the President just signed into law GREATLY enhances the Employee Retention Credit (ERC) that was created under the CARES act. Under the new stimulus bill the ERC is improved in different ways for 2020 and for 2021. We will share information on the 2021 ERC [...]

The long awaited second COVID stimulus bill is here, and there’s a lot to unpack.  Here’s a quick overview of the highlights, we’ll be sharing more details on specific programs as more information becomes available. Stimulus Payments $600 for individuals and $1,200 for married couples filing jointly, plus $600 for [...]

We still do not have the final SBA rules on how the forgiveness provisions will work, but we do have the statue to give us some level of guidance.  Here is a detailed look at the forgiveness math, as best we know it.  (The key terms are defined further down, [...]

Many businesses that applied for PPP loans during the first wave of funding have either received those funds or will be receiving them shortly.  If that scenario sounds familiar, now is the time to make sure you understand how PPP loan forgiveness works.  While we are still waiting for the [...]

As the state continues to respond to COVID-19, the Minnesota Department of Revenue is extending the Sales and Use Tax grace period on Sales and Use Tax payments for businesses identified in Executive Order 20-04. The department will not assess penalties or interest as follows: Identified businesses with a monthly [...]

In compliance with Minnesota's extended Stay-At-Home order, we have extended our temporary office closure through May 1st, 2020.  We look forward to re-opening the office to clients and staff on Monday, May 4th.  During the office closure our entire staff is continuing to work remotely and we remain available to [...]

The Families First Coronavirus Response Act (FFCRA) was signed into law on March 18th 2020, and went into effect on Wednesday, April 1st. The FFCRA requires covered employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. At DHA, [...]

The U.S. Treasury Department released information on the assistance available for small businesses through the recently enacted CARES Act. Small businesses and sole proprietorships affected by the COVID-19 pandemic can apply for loans under the Paycheck Protection Program starting April 3. Independent contractors and self-employed individuals can apply starting April [...]

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service has announced a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.  These new changes include issues ranging from postponing certain payments [...]

Please note: This blog post supersedes previous blog posts on this topic and the email sent to our clients on 3.20.20 announcing the changes to the filing deadline.  Additional details and changes have since been issued, particularly for Minnesota, those updates are reflected in this post.  We apologize for any [...]