Apple Growth Partners

IRS Allows Midyear Changes to Health Coverage, Flexible Spending Accounts, and Dependent Care

Thursday, May 14, 2020 By COVID-19 Response Team On May 12, 2020, IRS released Notice 2020-29 announcing that it is permitting increased flexibility for Section 125 cafeteria plan midyear elections for employer-sponsored health coverage, flexible spending accounts (FSAs), and dependent care, along with clarifying that high deductible health plans (HDHP) can provide coverage for telehealth …

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COVID-19 Allows Tax-Favored Distributions from IRA

Thursday, May 14, 2020 By A’Shira Nelson, CPA | COVID-19 Response Team Individuals affected by the COVID-19 pandemic are now eligible to take tax-favored distributions from their IRA(s). Normally, distributions would be included in the taxpayer’s taxable income, and it may be subject to a 10% additional tax if the taxpayer is under age 59 …

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SBA Issues Interim Final Rule (IFR) on Loan Increases

Thursday, May 14, 2020 By Sue Peirce, CPA | COVID-19 Response Team On April 24, 2020, SBA posted an Interim Final Rule (IFR) in part stating: “However, if you are a partner in a partnership, you may not submit a separate PPP loan application for yourself as a self-employed individual. Instead, the self-employment income of …

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BREAKING: SBA Releases Clarification Regarding Certification

BREAKING: SBA Releases Clarification Regarding the Certification  Wednesday, May 13, 2020 By Sue Peirce, CPA | COVID-19 Response Team SBA just released FAQ #46, which is the expected guidance regarding the certification. Any borrower, including affiliates, that received PPP loans of less than $2 million will be deemed to have made the required certification in …

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SBA Additional Guidance to be Issued Prior to May 14

SBA Additional Guidance on Certification to be Issued Prior to May 14, 2020 Wednesday, May 13, 2020 By Sue Peirce, CPA | COVID-19 Response Team With May 14th rapidly approaching, we expected SBA to release the additional guidance earlier this week. As of this morning, here is the posting in today’s Federal Register. “Editorial Note: …

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Ep58: Corporate Litigation Post-COVID

The disruption of COVID-19 is undeniable, but what type of litigation is more likely to occur as a result of the new economic environment? AGP’s Jason Bogniard is on Sliced (remotely!) to provide insight. Chuck and Brittany talk to Jason about the corporate litigation services offered by Apple Growth Partners, and what business owners should …

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HHS Releases Important Updates to the CARES Act Provider Relief Fund General Distribution FAQs

Tuesday, May 12, 2020 In updates dated May 6, 2020, in the Provider Relief Fund General Distribution FAQs, HHS made important clarifications. Health care clients should read the entire FAQ, as the following are highlights. Who is eligible to receive Provider Relief General Distributions – Must have billed Medicare on fee-for-service basis (Parts A or …

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