COVID-19 Resources Hub

Helping organizations navigate this crisis and plan for the future

COVID-19 Advisory

Our team of dedicated advisors can help you maximize stimulus package benefits and plan for the future. To learn more, please visit our COVID-19 Advisory page.


COVID-19 Blog Library

Please note that the impacts of and the government’s response to COVID-19 are quickly evolving and the subject matter discussed in these publications may change on a daily basis. Contact the author or your Aronson advisor for timely advice.

If you would like to speak with us about how COVID-19 is impacting your business, please email us or call 301.231.6200.

Tax & Other IRS-Related Alerts

February 22, 2021 – Maryland’s RELIEF Act Expands Pass-through Entity Tax Election to Apply to Nonresidents

February 17, 2021 – Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000

January 13, 2021 – Tax Impacts of the Consolidated Appropriations Act

December 23 – PPP Loan Expenses Deductible At Last

November 5 – IRS Liens Away From Many Repayment Requirements to Ease Taxpayers’ Burden During COVID-19 Pandemic

August 31 – COVID-19 Relief Provided for Qualified Opportunity Funds and Investors

August 19 – Prolonged Telecommuting Presents Difficult State Tax Reporting Issues

July 29 – COVID-19 Distress May Present an Estate Planning Opportunity – Why Now May be the Time to Gift Business Interests

July 27 – AICPA Ask IRS for Blanket 2918 Penalty Relief Due to COVID-19 Pandemic

July 16 – CARES Act Triggers Maryland’s Automatic Decoupling

July 16 – IRS Issues Retirement Arrangement Guidance

June 25 – IRS, You’ve Got Mail…Eleven Million Pieces of It

May 18 – Home Office Deduction During COVID-19

May 13 – IRS to Permit Mid-Year Health Plan Changes

May 7 – Need to Return a Stimulus Check?

May 7 – Qualified Improvement Property Changes Under the CARES Act

May 4 – Paycheck Protection Program: Tax Treatment of Receipt and Use of Funds

April 15 – IRS Automatically Extends Tax-Exempt Organization Deadlines

March 30 – Relevant Business and Individual Tax Provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

March 30 – IRS Suspends Tax Compliance Programs to Assist American Taxpayers During COVID-19 Crisis

March 25 – IRA and Benefit Plan Contribution Deadlines Extended to July 15

March 24 – Payroll Tax Credits Under Families First Coronavirus Response Act

March 23 – IRS Formally Announces Deferral of Filing and Payments to July 15

March 19 – New Tax Payment Deadline: July 15

March 19 – Tax Payment Deferral Amid COVID-19

Business Resources

January 18 – The Paycheck Protection Program and The Economic Aid Act: What Does it all Mean?

December 23 – Congress Passes New Stimulus Bill Including Round Two of PPP Funding

November 6 – PPP Update: Additional Paperwork for Loans of $2M or Greater

August 29 – Governor Hogan Announces $250 million in Economic Relief for Maryland Business

August 26 – PPP Update: SBA Releases Additional Guidance on Owner-Employee Compensation and Rental Costs

August 26 – COVID-19 Pandemic Impact on Asset Valuations

August 26 – COVID-19 Pandemic Impact and Subsequent Events Assessment

August 26 – COVID-19 Pandemic Impact on Going Concern Evaluation

August 26 – COVID-19 Pandemic Impact on Lease Concessions

August 26 – COVID-19 Pandemic Impact on Revenue Recognition

August 24 – Paycheck Protection Program Update: Don’t Forget the Forgiveness!

August 4 – Application Now Open for the Reopen Montgomery Grant Program

July 27 – PPP Update: When Can I Apply for Forgiveness?

June 29 – What Can Business Owners Do Now to Prepare for a COVID-19 Business Interruption Claim?

June 5 – Business Interruption Loss Calculations: Are All Relevant Factors Being Considered?

June 4 – Senate Passes PPP Flexibility Act of 2020

May 18 – SBA Releases PPP Loan Forgiveness Application

May 13 – SBA Releases Guidance on Review of PPP Loans and Extends Safe Harbor Deadline Again

May 6 – PPP Safe Harbor Deadline Extended

April 24 – Impairment Considerations for COVID-19

April 22 – Montgomery County, Maryland PHEG Program: $20 Million Fund for Local Businesses, Nonprofits, Retail, and Restaurants

April 20 – Paycheck Protection Program Guidelines for Schedule C Filers

April 15 – Grant and Loan Programs for Small Businesses and Nonprofits You Might Not Be Tracking

April 15 – Business Interruption Coverage Due to COVID-19 Presents Challenges, but States Are Stepping In

April 10 – Phase Two of the Paycheck Protection Program

April 10 – Funding Relief Strategy for Businesses with Defined Benefit Plans in Light of COVID-19

April 9 – FASB Proposal Made to Defer Effective Dates for the New Lease Standard

April 6 – Paycheck Protection Program (PPP) FAQ

April 3 – Maryland Commerce Department, Montgomery County, Prince George’s County, and District of Columbia Announce Disaster Recovery Loan Programs

April 2 – Will COVID-19 Alter Business’s State Tax Footprint?

March 31 – How Will the COVID-19 Crisis Affect the Value of Your Business?

March 27 – Cash Management in the Time of COVID-19

March 23 – SBA Disaster Loan FAQ

March 17 – COVID-19 Business Continuity Checklist

March 17 – Developing a Continuity Plan in Response to Coronavirus

Mergers & Acquisitions

Technology

Blog

The Paycheck Protection Program and The Economic Aid Act: What Does it all Mean?

Signed into law on December 27, 2020, The Consolidated Appropriations Act, 2021 included $900... more
Blog

PPP Loan Expenses Deductible At Last

On December 20, 2020, Congress approved the Emergency COVID Relief Act of 2020 (the Act), which... more
December 22, 2020
Blog

Maryland’s RELIEF Act Expands Pass-through Entity Tax Election to Apply to Nonresidents

On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the... more
February 22, 2021
Blog

Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000

By Michael Colavito and Leighton Regis On February 13, 2021, the Maryland legislature approved... more
February 17, 2021
Blog

Employee Retention Tax Credit Creates Tax Refund Opportunities

The Consolidated Appropriations Act of 2021 that was signed into law on December 27, 2020, expanded... more
January 22, 2021
Blog

New COVID-19 Economic Relief Bill Creates Opportunities for Restaurants, Hotels, Distributors, and Retailers

On December 27, 2020, the Consolidated Appropriations Act of 2021 (Act) was signed into law. This... more
January 14, 2021
Blog

Tax Impacts of the Consolidated Appropriations Act

On December 27, 2020, Congress signed into law the Consolidated Appropriations Act, 2021 (the... more
January 13, 2021
Blog

New Retirement Plan Provisions Under the Consolidated Appropriations Act, 2021

The recent Taxpayer Certainty and Disaster Tax Relief Act of 2020 and the COVID-19 Related Tax... more
January 6, 2021

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Helping businesses across industry sectors navigate the COVID-19 crisis and plan for the future.