SEPTEMBER 1, 2020 On August 28, 2020, the IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often
AUGUST 11, 2020 On August 8, 2020, President Trump signed an executive memorandum that defers an employee’s portion of Social Security and Medicare taxes from September 1 through December 31, 2020. At this point, the taxes are just deferred, meaning
PRESS RELEASE AUGUST 7, 2020 INSIDE Public Accounting (IPA) announces the release of its 2020 annual financial performance analysis and ranking of the nation’s largest public accounting firms. Roanoke, Virginia based Brown Edwards again is included in nation’s top
PRESS RELEASE AUGUST 6, 2020 Brown Edwards is proud to be recognized by Construction Executive as one of the “Top 50 Construction Accounting Firms.” This is the second year for the firm. Construction Executive magazine is the leading source of
JULY 28, 2020 We are excited to announce the relocation of the Lynchburg office to 828 Main St., Suite 1401, Lynchburg, VA 24504. Though our offices will be closed during the week of July 27th, we are still working and
JULY 13, 2020 The coronavirus pandemic has forced many employers to implement some form of workforce reduction to continue operating. While furloughs and layoffs have a significant and immediate impact on a company’s operations, plan sponsors also need to understand
JULY 9, 2020 Brown Edwards and Gentry Locke are pleased to announce a free webinar series, “2020 Changes & Updates for the Construction Industry” This valuable, three part series will focus on the legal and financial challenges and issues facing
JULY 1, 2020 The CARES Act was enacted in an attempt to mitigate the economic effects of the COVID-19 pandemic. Among other things, it extends favorable tax treatment to qualified individuals who take so-called “coronavirus-related distributions” (CRDs) from IRAs, 401(k)
JUNE 25, 2020 Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act have been struggling with spending those funds roductively within the eight-week loan forgiveness period (Covered Period).
JUNE 18, 2020 Earlier this week, the U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, posted a revised, user-friendly Paycheck Protection Program (PPP) loan forgiveness application. In addition to revising the full forgiveness application, the
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