Accountants + Business Advisors

Healthy Growth

Apple Growth Partners’ Principal Named ystark! Twenty Under 40

05.15.20

CANTON, Ohio – (May 15, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, proudly announces tax principal Mark Lapikas, CPA, CGMA, MTax, MBA, as one of ystark!’s Twenty Under 40 recipients for 2020. Lapikas will…

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BREAKING: SBA Extends Date for Safe Harbor Return of PPP Funds

05.14.20

Thursday, May 14, 2020 By COVID-19 Response Team SBA just added FAQ #47 47. Question: An SBA interim final rule posted on May 8, 2020, provided that any borrower who applied for a PPP loan and repays the loan…

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

05.14.20

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…

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COVID-19 Allows Tax-Favored Distributions from IRA

05.14.20

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…

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SBA Issues Interim Final Rule (IFR) on Loan Increases

05.14.20

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…

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