Recent News

Jul 8, 2020

PPP Loan Forgiveness Updates and Borrower-Friendly Forgiveness Applications

The Federal Paycheck Protection Program (PPP) has been rapidly evolving since its inception at the beginning of April, and this past week has been no different.   ... Read More

Jun 23, 2020

Converting to a Roth Retirement Plan During COVID-19

One of the biggest benefits of converting a traditional retirement plan to a Roth IRA is that it can lower your taxes in the future. While there's no upfront t... Read More

Jun 16, 2020

The CARES Act: Special Rules for Use of Retirement Funds

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief to taxpayers by modifying the rules for distributions and loans from certain tax-advantaged re... Read More

Jun 8, 2020

What is the Employee Retention Credit?

When the CARES Act was passed in March 2020 the Employee Retention Credit was created.   This credit was created to encourage businesses to keep their employees on p... Read More

Jun 5, 2020

The Payroll Protection Program Flexibility Act Passed

The Payroll Protection Program Flexibility Act (PPPFA) was signed by President Trump on Friday, June 5th. The Act provides needed changes to the original requirements for fo... Read More

Jun 3, 2020

Paycheck Protection Program Loan Forgiveness

THE PAYROLL PROTECTION PROGRAM FLEXIBILITY ACT WAS PASSED JUNE 5, 2020.  FIND UPDATED INFORMATION HERE.    For many business owners, the top questions of ... Read More

Apr 13, 2020

Leading Through Crisis – What Businesses Can Do Now, Soon, and Later

By: Lisa Hastings   The current situation has forced everyone to respond to and manage unprecedented changes with lightning speed. Business owners must also move ... Read More

Apr 11, 2020

Aid for Maryland Small Businesses and Manufacturers

The State of Maryland is coming to the aid of its small businesses and manufacturers that have been impacted by the COVID-19 pandemic.  The State has authorized $130 mill... Read More

Apr 8, 2020

Small Business Administration Loans Available

In addition to state-specific loan funds and the Paycheck Protection Provision loans mentioned in the “Federal Coronavirus Stimulus Package”, the SBA has activat... Read More

Apr 4, 2020

Federal Coronavirus Stimulus Package

President Trump signed The Coronavirus Relief Bill (The CARES Act) the largest economic relief plan in American history on March 27, 2020.  This bipartisan $2 trillion ... Read More

Apr 1, 2020

Families First Coronavirus Response Act

The Families First Coronavirus Response Act was signed into law March 18, 2020 and is effective immediately.  It requires employers with fewer than 500 employees to pro... Read More

Mar 24, 2020


Federal Government In an announcement March 20, Treasury Secretary Steven Mnuchin stated that the filing deadline for all individuals and businesses has been moved from Apr... Read More

Mar 18, 2020

Government Extends Payment Due Date

UPDATED ARTICLE 3/21:   Federal Government   In a press announcement M... Read More

Mar 16, 2020

CORONAVIRUS: Impact on Tax Season

In the past few weeks we have started to feel the impact of the Coronavirus Pandemic (COVID-19) here on the East Coast.  As much is still unknown about how this will af... Read More

Feb 25, 2020

The Tax Extenders of 2020

The Taxpayer Certainty and Disaster Tax Relief Act of 2019, which was signed into law in December 2019, extended many already expired provisions.  These tax benefits ar... Read More

©2021 Faw Casson   |   Design, Hosting and Application Development by Delmarva Digital