We have created and curated a list of helpful resources. We will continue to add resources as events unfold.
Tax and HR compliance alerts
The guidance is brief, and employers will likely still have questions about whether, and how, to implement the deferral. The President’s action only defers Social Security taxes; it doesn’t forgive them. Read more about the guidance.
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. Here's a look at the issue.
IRS guidance has provided relief to individual taxpayers affected by COVID-19 who take distributions or loans from retirement plans and offers guidance to employers regarding the administration of loan relief. Read more about the guidance.
The IRS has revised Form 941 in response to payroll reporting changes resulting from COVID-19 stimulus. Read about the revised form.
Paycheck Protection Program Flexibility Act extends covered period, makes lending terms more favorable and addresses other details that have challenged organizations. Read about the changes.
Review the loan forgiveness process for PPP funds, including a new Alternative Covered Period and documentation requirements. Click to review details.
New FAQ addresses how SBA will review the required good-faith certification of borrowers concerning the necessity of loan requests. Review FAQ #46.
The new FAQ extends the repayment date to May 14 and indicates that additional guidance is also expected from SBA. Click to review FAQs.
This alert summarizes the “good faith” certifications required by the PPP and addresses recent guidance from the Treasury Department and SBA. Click to read more.
IRS Notice indicates that expenses paid to qualify for loan forgiveness under PPP will not be deductible. Learn more about the notice.
IRS has issued guidance providing relief from failure to make employment tax deposits. Learn more about the relief.
In the wake of the coronavirus (COVID-19) crisis, the IRS and U.S. Department of Treasury are providing taxpayers additional relief to ease tax burdens. Review the latest information.
DOL regulations address key provisions related to paid sick leave and family medical leave that were effective April 1. Review the latest information.
The Act provides new benefits to retirement plan participants that meet COVID-19 eligibility requirements. Read about the new options.
Title VI outlines appropriate use of funds for providing coronavirus aid, relief and economic security during the COVID-19 pandemic. Read about the Act.
Act creates a new SBA Paycheck Protection Program to provide funding to qualified small businesses and certain non-profit organizations. Read about the Act.
Massive stimulus bill approved to address the financial and health care crisis resulting from COVID-19 pandemic. Read about the Act.
Department of Labor provides additional guidance for employers related to requirements of Families First Coronavirus Response Act. Read the new updates.
Memorandum provides short term relief for administrative, financial management and audit requirements for federal awards. Read on for additional details.
The Department of Labor issues limited guidance and additional resources following recent enactment of the Act. Read on for additional details.
Executive Order extends tax filing and payment deadlines to July 15, but does not defer estimated tax payments. Read on for additional details.
Here is a recap on the latest information on federal and state filing and payment extensions. “New” information is highlighted as such in this communication. Of note, the IRS announced this weekend that any payment amount can now also be deferred. Read on for additional details.
Act includes important provisions designed to aid the economy, support individual financial stability and curb the spread of COVID-19. Read the alert now.
COVID-19 has wreaked havoc on businesses. But rather than sit on the sidelines and watch, now may be the right time to get in the game to sell or transition a business. We will cover the impact of COVID-19 on the valuation process. Whether such values are depressed or inflated, there may be estate planning or transaction opportunities to take advantage of now before values rebound or changes occur with the approaching election cycle. Download the slides, listen to the presentation, or watch the presentation on AGH University.
As many organizations return back to work and begin the road to recovery, HR professionals are facing a new round of questions and issues. We will cover topics such as how to manage leave requests in a COVID-19 world (FFCRA, FMLA, ADA), including real examples; considerations for layoffs and furloughs when the PPP money runs out; and how organizations can compete for talent against unemployment benefits. Download the slides.
As the US begins to emerge from lockdown, a “new normal” in the business environment will become commonplace. In this webinar, Daniel White will address many of the common questions that businesses are currently struggling with: reintegration, what will be the "new normal", how to adapt, emerging stronger than before, and innovating for future success. Download the slides.
Join Carrie Cox as she addresses considerations for leading well during uncertain and quickly changing times. She’ll cover tips for managing employees through uncertain times, including communication strategies and tips for managing remote employees and the importance of helping employees care for their mental health and how you can help. Download the slides.
A live video Q&A event, moderated by Martin Pringle Attorney, George Bruce. Attorneys Zach Wiggins and Kate McKinney from Martin Pringle Attorneys at Law, John Trowbridge, senior vice president, business development from AGH, LC and Steve Peterson, president Wichita Bank from CrossFirst Bank with updated information about the CARES Act including:
- Anticipated main street lending program preview
- Payroll Protection Program update including self-employment and 1099 workers
- EIDL implementation update
- Payroll tax deferral provisions and employment retention credits
Join us for another round of review on the latest information from the Department of Labor on the Families First Coronavirus Response Act and CARES Act. We provide a comprehensive review of the new laws and regulatory guidance issued to date, along with implementation items needed for forms and policy updates. We also review FAQs and reserve time for attendee questions. Download the slides.
Moderated by Martin Pringle Attorney, George Bruce, panelists included attorneys Zach Wiggins and Kate McKinney from Martin Pringle, John Trowbridge, Senior Vice President, Business Development from AGH, LLC and Steve Peterson, President Wichita Bank from CrossFirst Bank. Panelists answered questions from participants and discussed the SBA loans and other assistance offered to small businesses under the CARES Act including:
- Paycheck Protection Program (PPP)
- Economic Injury Disaster Loans and loan advance (EIDL)
- SBA debt relief
- SBA express bridge loans
- General guidance for businesses
Join AGH professionals for a review of key provisions from the CARES Act that could affect your organization's tax situation and ability to acquire financing to continue operations. Download the slides.
Join AGH professionals as they review the effects of these two acts on HR compliance, payroll, and employee benefits. The webinar will not address issues/questions related to business tax or government lending options. Download the slides.
AGH professionals will cover the implications of the new Families First Coronavirus Response Act and address questions from the audience. Download the slides.
AGH’s experienced professionals share best practices, real-life examples and address audience questions about COVID-19's effect on their organizations.
As you likely have heard, Sedgwick County is now operating under a shelter in place order. As a professional services firm, we are considered an “essential business” and as such, remain open for business.
While a significant portion of our people are working remotely, we continue to have essential people on site during this time. We are well set up with our long-standing practice of utilizing technology, tools and processes that support remote work in order to provide our team with the ability to continue to effectively service clients and continue business operations.
Client meetings: While our office continues to be open, we are opting to limit in-person meetings in order to ensure the well-being of both our clients and employees. We are utilizing conference calls or other electronic communication tools as alternate solutions to remain in touch with you. If you need to schedule a meeting or think you need to visit our office, please contact your AGH advisor or call our main line at 316.267.7231.
Documents: Please submit documents to us electronically when possible, keeping in mind information security best practices. Contact your AGH professional to discuss the best option for electronic document submission. Alternatively, normal mailing or shipping remain an option as well.
Resources:Our professionals are closely following the COVID-19 situation as it evolves and are working to keep you informed about potential business and personal implications. Continue to check this COVID-19 Resource Page for updates and additional resources in the coming days.
Moving forward: As we monitor the evolving COVID-19 situation, we will continue to adapt our processes and keep you informed of changes that may impact you.
If you have any questions or concerns, please contact your AGH advisor.
This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). The Centers for Disease Control and Prevention (CDC) will update this interim guidance as needed and as additional information becomes available. Read what the CDC has to say.
The State of Kansas has created a resource center for individuals, businesses/employers and more. Access the resource center here.
The Department of Homeland Security's CISA has a resource hub for many of the cybersecurity risks associated with Coronavirus scams and threats. Access the hub here.
The Department of Homeland Security's CISA has issued a PDF to help executives think through physical, supply chain, and cybersecurity issues that may arise from the spread of COVID-19. Access the PDF here.