COVID-19 Resources Hub

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COVID-19 Advisory

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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

July 7, 2021 – Employee Retention Tax Credits for Recovery Startup Businesses are Now Available

March 25, 2021 – American Rescue Plan Act of 2021

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, 2020 – PPP Loan Expenses Deductible At Last

November 5, 2020 – IRS Liens Away From Many Repayment Requirements to Ease Taxpayers’ Burden During COVID-19 Pandemic

August 31, 2020 – COVID-19 Relief Provided for Qualified Opportunity Funds and Investors

August 19, 2020 – Prolonged Telecommuting Presents Difficult State Tax Reporting Issues

July 29, 2020 – COVID-19 Distress May Present an Estate Planning Opportunity – Why Now May be the Time to Gift Business Interests

July 27, 2020 – AICPA Ask IRS for Blanket 2918 Penalty Relief Due to COVID-19 Pandemic

July 16, 2020 – CARES Act Triggers Maryland’s Automatic Decoupling

July 16, 2020 – IRS Issues Retirement Arrangement Guidance

June 25, 2020 – IRS, You’ve Got Mail…Eleven Million Pieces of It

May 18, 2020 – Home Office Deduction During COVID-19

May 13, 2020 – IRS to Permit Mid-Year Health Plan Changes

May 7, 2020 – Need to Return a Stimulus Check?

May 7, 2020 – Qualified Improvement Property Changes Under the CARES Act

May 4, 2020 – Paycheck Protection Program: Tax Treatment of Receipt and Use of Funds

April 15, 2020 – IRS Automatically Extends Tax-Exempt Organization Deadlines

March 30, 2020 – Relevant Business and Individual Tax Provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

March 30, 2020 – IRS Suspends Tax Compliance Programs to Assist American Taxpayers During COVID-19 Crisis

March 25, 2020 – IRA and Benefit Plan Contribution Deadlines Extended to July 15

March 24, 2020 – Payroll Tax Credits Under Families First Coronavirus Response Act

March 23, 2020 – IRS Formally Announces Deferral of Filing and Payments to July 15

March 19, 2020 – New Tax Payment Deadline: July 15

March 19, 2020 – Tax Payment Deferral Amid COVID-19

Business Resources

March 31, 2021 – PPP Application Deadline Extended Until May 31

March 11, 2021 – Congress Passes Newest Covid bill, The American Rescue Plan Act of 2021

January 18, 2021 – The Paycheck Protection Program and The Economic Aid Act: What Does it all Mean?

December 23, 2020 – Congress Passes New Stimulus Bill Including Round Two of PPP Funding

November 6, 2020 – PPP Update: Additional Paperwork for Loans of $2M or Greater

August 29, 2020 – Governor Hogan Announces $250 million in Economic Relief for Maryland Business

August 26, 2020 – PPP Update: SBA Releases Additional Guidance on Owner-Employee Compensation and Rental Costs

August 26, 2020 – COVID-19 Pandemic Impact on Asset Valuations

August 26, 2020 – COVID-19 Pandemic Impact and Subsequent Events Assessment

August 26, 2020 – COVID-19 Pandemic Impact on Going Concern Evaluation

August 26, 2020 – COVID-19 Pandemic Impact on Lease Concessions

August 26, 2020 – COVID-19 Pandemic Impact on Revenue Recognition

August 24, 2020 – Paycheck Protection Program Update: Don’t Forget the Forgiveness!

August 4, 2020 – Application Now Open for the Reopen Montgomery Grant Program

July 27, 2020 – PPP Update: When Can I Apply for Forgiveness?

June 29, 2020 – What Can Business Owners Do Now to Prepare for a COVID-19 Business Interruption Claim?

June 5, 2020 – Business Interruption Loss Calculations: Are All Relevant Factors Being Considered?

June 4, 2020 – Senate Passes PPP Flexibility Act of 2020

May 18, 2020 – SBA Releases PPP Loan Forgiveness Application

May 13, 2020 – SBA Releases Guidance on Review of PPP Loans and Extends Safe Harbor Deadline Again

May 6, 2020 – PPP Safe Harbor Deadline Extended

April 24, 2020 – Impairment Considerations for COVID-19

April 22, 2020 – Montgomery County, Maryland PHEG Program: $20 Million Fund for Local Businesses, Nonprofits, Retail, and Restaurants

April 20, 2020 – Paycheck Protection Program Guidelines for Schedule C Filers

April 15, 2020 – Grant and Loan Programs for Small Businesses and Nonprofits You Might Not Be Tracking

April 15, 2020 – Business Interruption Coverage Due to COVID-19 Presents Challenges, but States Are Stepping In

April 10, 2020 – Phase Two of the Paycheck Protection Program

April 10, 2020 – Funding Relief Strategy for Businesses with Defined Benefit Plans in Light of COVID-19

April 9, 2020 – FASB Proposal Made to Defer Effective Dates for the New Lease Standard

April 6, 2020 – Paycheck Protection Program (PPP) FAQ

April 3, 2020 – Maryland Commerce Department, Montgomery County, Prince George’s County, and District of Columbia Announce Disaster Recovery Loan Programs

April 2, 2020 – Will COVID-19 Alter Business’s State Tax Footprint?

March 31, 2020 – How Will the COVID-19 Crisis Affect the Value of Your Business?

March 27, 2020 – Cash Management in the Time of COVID-19

March 23, 2020 – SBA Disaster Loan FAQ

March 17, 2020 – COVID-19 Business Continuity Checklist

March 17, 2020 – Developing a Continuity Plan in Response to Coronavirus

Government Contracting

March 12, 2021 – Attention GSA Schedule Holders – New Memo Temporarily Waives Requirements

June 24, 2020 – A Contractor’s Guide to COVID-19 REAs

June 2, 2020 – FFCRA Federal Contractors Guide

June 2, 2020 – PPP Federal Contractors Guide 

May 19, 2020 – DoD Draft Guidance – Process for 3610 Reimbursement

May 6, 2020 – DoD to “Pause” and Establish Process for Section 3610 Reimbursement

April 23, 2020 – Incurred Cost Submissions Still Due June 30 for Contractors with December 2019 Year End

April 20, 2020 – Still Need to File Small Business Subcontracting Reports or Update SAM? You Have More Time!

April 20, 2020 – Is PPP Loan Forgiveness a “Credit” on Federal Contracts?

April 10, 2020 – Do I need to change my provisional rates for the economic impacts of COVID-19?

April 9, 2020 – CARES Act and The Special Provision for Federal Contractors

April 9, 2020 – Just Released for DoD Federal Contractors – “Class Deviation – CARES Act Section 3610 Implementation”

April 6, 2020 – Paycheck Protection Program and Federal Government Contractors

March 27, 2020 – Contractors Should Prepare for DPAS Rated Orders Due to COVID-19

March 26, 2020 – COVID-19 Emergency Opens General Services Administration and Veterans Affairs Schedules to State and Local Use

March 24, 2020 – The Office of Budget and Management Issues COVID-19 Guidance for Government Contracts

March 23, 2020 – Government Contractors Should Be Prepared to Invoke the Excusable Delays Clause

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

Employee Retention Tax Credits for Recovery Startup Businesses are Now Available

When the American Rescue Plan Act of 2021 was signed into law on March 11, 2021, there were two... more
July 7, 2021
Blog

The Need for Efficient Technology Post COVID-19

The construction industry has over 7 million employees and creates over $1.3 trillion worth of... more
May 19, 2021
Blog

What Should be Included on your SEFA?

Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a... more
May 5, 2021
Blog

SBA to Begin Accepting Restaurant Revitalization Fund Applications on May 3rd

The U.S. Small Business Administration (SBA) announced that they will begin accepting Restaurant... more
April 28, 2021
Blog

PPP Application Deadline Extended Until May 31

On Tuesday, March 30, 2021, President Biden signed the PPP Extension Act of 2021. The Act extends... more
March 31, 2021
Blog

Employee Retention Tax Credit Creates Tax Refund Opportunities

The Consolidated Appropriations Act of 2021 signed into law on December 27, 2020 expanded both... more
March 30, 2021

Related Industries

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