Resource HubPosts By Category
Saltmarsh Hosts 'Building Confidence': A Women-Focused Event Series
4/4/2024
Throughout 2023 and 2024, Saltmarsh Financial Advisors will host a 4-part women-focused series centered on building confidence and community around the unique financial situations individuals may face in their lives. Featured segments will focus on the central themes of navigating loss, divorce, caregiving and philanthropic giving.
5 Essential Documents for Your Estate Plan
7/25/2023
Facing our own mortality can be a tough topic to tackle, which is why estate planning is so crucial. Taking the time to plan ahead can provide peace of mind and assure that our wishes will be honored. We can decide who gets what, who takes care of the kids, and even how we want our healthcare handled. Estate planning is all about making things easier for us and our loved ones down the road.
IRS Extends Certain Tax Filing and Payment Deadlines to May 17
4/1/2021
The Internal Revenue Service confirmed in an announcement on March 29, 2021, that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15.
New IRS Guidance Regarding Tax Due Date Change 2021
3/18/2021
On Wednesday, March 17th, the U.S. Treasury Department and Internal Revenue Service extended the due date of individual Federal income tax returns and the deadline to make contributions to IRAs and HSAs from April 15, 2021 to May 17th, 2021.
PPP Loan Forgiveness Assistance
6/11/2020
If your business has received a Paycheck Protection Program (PPP) loan from the Small Business Administration (SBA), you may be concerned about meeting the loan forgiveness requirements. Our team can assist with reviewing forgiveness applications that present questions or need additional analysis and are here to address your questions regarding overall forgiveness.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part II
5/28/2020
Our presentation held on Thursday, May 28th reviewed the latest guidance on properly documenting expenses for PPP loan forgiveness and the interim Final Rule. Access webinar materials here.
COVID-19 is Accelerating the Rise of the Digital Economy
5/8/2020
Digital transformation is necessary during this crisis, but that doesn’t mean it will look the same as it did before the pandemic. New problems and opportunities have come to light with greater urgency. For some businesses, the forces of disruption may be so great that the long-term strategic vision will need to be overhauled.
WEBINAR MATERIALS: How COVID-19 is Impacting Retirement Planning
5/7/2020
The Coronavirus Aid, Relief, and Economic Stimulus Act, or “CARES Act” brought important changes to retirement plans that every investor should be aware of. Learn about these changes, how they are impacting retirement planning, and what actions you should take to have an investment plan you can stick with to achieve peace of mind. Access webinar materials here.
CARES Act Impacts on Net Operating Losses: Frequently Asked Questions
5/3/2020
The CARES Act includes changes to the tax treatment of business net operating losses (NOLs) for corporations and other taxpayers. Given the significant role NOLs can play in increasing cash flow and helping to mitigate financial distress, we’ve compiled Frequently Asked Questions around NOLs to help break down the latest changes in the CARES Act and what they mean for your business.
Exhausted Your Cares Act Paycheck Protection Program Options? Main Street Lending Can Provide Additional Liquidity
5/3/2020
The Main Street Lending Program, whereby the Treasury will carve out $75 billion of the available $454 billion under Title IV to make an equity investment in a special purpose vehicle (SPV), which will enable the flow of credit to small and medium-sized businesses that were in good financial standing prior to COVID-19.
WEBINAR MATERIALS: Staying Connected & Empowering Your Team Using Collaboration Tools
4/30/2020
When it comes to working remotely, using virtual tools, and leveraging technology, what can business owners and managers do today that will help ensure they emerge successfully from the COVID-19 pandemic?
All Employers Can Defer Employment Tax Deposits Until Paycheck Protection Program Loan is Forgiven
4/21/2020
The IRS has issued frequently asked questions (FAQs) on the payroll tax deferral opportunity provided by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136). Under that provision, employers of all sizes (including tax exempt/non-profit employers) can defer the deposit and payment of the employer's share of Social Security taxes.
Documentation & Accounting for PPP Loan Forgiveness
4/21/2020
As many of our clients have already started receiving their Payroll Protection Program (PPP) loan proceeds, the Saltmarsh COVID Recovery Response Team is recommending guidelines for how these loans should be handled, both from the operations and accounting (recording on the books) standpoints.
A Return to Work in the New NormalHow companies should plan to return to work and emerge from COVID-19 stronger and smarter.
4/21/2020
As the response to the COVID-19 pandemic progresses, many companies have established operational crisis management teams and adjusted to global restrictions on work and movement. Executives are now beginning to ask the question: How are we going to return to work?
CARES Act Relaxes Qualified Plan and Employee Benefit Rules to Improve Cash Flow for Employer and Employees
4/6/2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (H.R. 748) includes several relief provisions for tax-qualified retirement plans, expands health care flexible spending accounts so funds can be used for over-the-counter items, clarifies some health insurance plan questions, and, through year-end, allows employers to reimburse employees for student loan payments tax-free.
Individuals: What You Need to Know About the CARES Act
4/6/2020
On March 6, 2020, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 was enacted, becoming the first of three Congressional relief and stimulus acts passed. This alert briefly summarizes the following relief provisions enacted in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020.
CARES Act Aids Employers Who Continue to Pay Employees
4/6/2020
Section 2301 provides a refundable payroll tax credit for certain wages paid to employees. Section 2302 allows employers to defer the deposit of certain employment taxes for as much as two years. Taken together, these provisions provide significant relief for employers and are designed to encourage employers to continue paying wages to employees during these unprecedented times.
Coronavirus Aid & Relief: Eligibility for CARES Act, SBA Lending and FFCRA
4/2/2020
Virtually everyone is impacted in some way by the virus and the flood of relief programs and decisions for both individuals and businesses can be overwhelming. As funding may be limited, it is important to act quickly.
The SALT Implications of the CARES Act
4/1/2020
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which among numerous other provisions, modifies certain business tax provisions in the Internal Revenue Code (IRC). The CARES Act modifications will present a new round of state and federal conformity challenges for states, taxpayers, and practitioners.
CARES Act Signed by President Trump
3/29/2020
The Act is intended to have significant impact on the economy by providing loan forgiveness, supporting small businesses, enhancing unemployment insurance, and providing federal loans to industries severely impacted by the pandemic.
Paycheck Protection Program Offers Forgivable Emergency Loans Under CARES Act
3/28/2020
The Paycheck Protection Program provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven up to 2.5x the borrower's average monthly payroll costs.
SBA Disaster Assistance in Response to the Coronavirus: Low-Interest Loans
3/24/2020
In response to the COVID-19 pandemic affecting the small business community across the country, the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury.
New IRS Guidance Regarding Tax Due Date Change
3/21/2020
The U.S. Treasury Department issued Notice 2020-18 late yesterday postponing the due date of federal income tax returns from April 15, 2020 to July 15, 2020.
This includes 1st quarter estimated tax payments due April 15, 2020.
Federal Aid Package Helps Individuals Affected by COVID-19
3/20/2020
The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding.
Important COVID-19 (Coronavirus) Update
3/12/2020
As we learn more about the evolution and impact of COVID-19 (Coronavirus), we want to assure our valued clients and friends that we are monitoring the situation closely. At this time, our main concern is for the health and safety of our clients, our employees and their families.
Past Posts By Category
- Saltmarsh Hosts 'Building Confidence': A Women-Focused Event Series
- 5 Essential Documents for Your Estate Plan
- IRS Extends Certain Tax Filing and Payment Deadlines to May 17
- New IRS Guidance Regarding Tax Due Date Change 2021
- PPP Loan Forgiveness Assistance
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part II
- COVID-19 is Accelerating the Rise of the Digital Economy
- WEBINAR MATERIALS: How COVID-19 is Impacting Retirement Planning
- CARES Act Impacts on Net Operating Losses: Frequently Asked Questions
- Exhausted Your Cares Act Paycheck Protection Program Options? Main Street Lending Can Provide Additional Liquidity
- WEBINAR MATERIALS: Staying Connected & Empowering Your Team Using Collaboration Tools
- All Employers Can Defer Employment Tax Deposits Until Paycheck Protection Program Loan is Forgiven
- Documentation & Accounting for PPP Loan Forgiveness
- A Return to Work in the New Normal
- CARES Act Relaxes Qualified Plan and Employee Benefit Rules to Improve Cash Flow for Employer and Employees
- Individuals: What You Need to Know About the CARES Act
- CARES Act Aids Employers Who Continue to Pay Employees
- Coronavirus Aid & Relief: Eligibility for CARES Act, SBA Lending and FFCRA
- The SALT Implications of the CARES Act
- CARES Act Signed by President Trump
- Paycheck Protection Program Offers Forgivable Emergency Loans Under CARES Act
- SBA Disaster Assistance in Response to the Coronavirus: Low-Interest Loans
- New IRS Guidance Regarding Tax Due Date Change
- Federal Aid Package Helps Individuals Affected by COVID-19
- Important COVID-19 (Coronavirus) Update
- View All Posts
