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IRS AND TREASURY PROVIDE ADDITIONAL GUIDANCE ON DEFERRING TAX PAYMENTS DUE TO IMPACT OF CORONAVIRUS The IRS has issued Notice 2020-17, providing more details regarding the deferral of federal income tax payments, due to the impact of the coronavirus, which we first reported on March 17.LEARN MORE
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SBA PROVIDING DISASTER LOAN ASSISTANCE IN MANY STATES AFFECTED BYCORONAVIRUS
The U.S. Small Business Administration is offering low-interest coronavirus disaster relief loans for working capital to California, New York, Washington, and dozens of other state’s small businesses that are suffering substantial economic damage as a result of theCOVID-19.
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MBAF COVID-19 UPDATE MBAF OFFICES WORKING REMOTELY MBAF has shifted to virtual meetings and employees are now working remotely. Therefore, we urge you to provide us with your tax information electronically as we attempt to limit the amount of mail being sent to our office. If you are not able to send us the information electronically, please call us and we will make arrangements for shipping or courier service.LEARN MORE
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ESTATE PLANNING OPPORTUNITIES CREATED BY COVID-19 The COVID-19 pandemic has resulted in an economic shutdown. However, this unprecedented situation has presented prudent opportunities for individuals to minimize estate and gift taxes. During this webinar, we will discuss planning techniques and strategies, and important issues you should be considering. WATCH THE RECORDINGWEBINAR ON DEMAND
SBA ISSUES PPP LOAN FORGIVENESS APPLICATION On May 15, 2020, the Small Business Administration (SBA) issued the Paycheck Protection Program (PPP) Loan Forgiveness Application. In this webinar, we will review the application, related instructions and discuss the computations of loan forgiveness.WATCH THE RECORDING
QUESTIONS AND ANSWERS PPP LOAN FORGIVENESS The PPP provides forgivable SBA loans designed to provide a direct incentive for small businesses to keep their workers on the payroll. As a follow-up to our recent PPP Loan Forgiveness Roadmap Webinar, we’ve created a Q&A document that provides answers to general questions, essential loan forgiveness rules, and more.READ MORE
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THE CARES ACT: HOW IT IMPACTS YOUR BUSINESS The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law on Friday, March 27, 2020. This webinar will help you learn what this means for your business and if you areeligible.
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PAID SICK AND FMLA LEAVE UNDER THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT AND HOW EMPLOYERS CAN RECOVER THE COST The Families First Coronavirus Response Act (FFCRA or Act) was signed into law by President Trump on March 18, 2020.LEARN MORE
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BANKING AGENCIES PROVIDE GUIDANCE ON LOAN MODIFICATIONS FOR FINANCIAL INSTITUTIONS DEALING WITH CUSTOMERS AFFECTED BY THE CORONAVIRUS Coordinating federal and state banking regulators have issued an Interagency Statement on Loan Modifications and Reporting by Financial Institutions Working with Customers Affected by the Coronavirus.LEARN MORE
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NEW YORK EXTENDS FILING DEADLINES Among ongoing efforts on both the federal and state level to lessen the financial impacts of the coronavirus outbreak, New York Gov. Andrew M. Cuomo announced the extension of the April 15 filing deadline to July 15, 2020. Details are limited but the expectation is that income tax payments due on April 15th will also be extended untilJuly 15, 2020.
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IRS AND TREASURY PROVIDE ADDITIONAL GUIDANCE ON DEFERRING TAX PAYMENTS DUE TO IMPACT OF CORONAVIRUS The IRS has issued Notice 2020-17, providing more details regarding the deferral of federal income tax payments, due to the impact of the coronavirus, which we first reported on March 17.LEARN MORE
LATEST ADVISORY
SBA PROVIDING DISASTER LOAN ASSISTANCE IN MANY STATES AFFECTED BYCORONAVIRUS
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MBAF COVID-19 UPDATE MBAF OFFICES WORKING REMOTELY MBAF has shifted to virtual meetings and employees are now working remotely. Therefore, we urge you to provide us with your tax information electronically as we attempt to limit the amount of mail being sent to our office. If you are not able to send us the information electronically, please call us and we will make arrangements for shipping or courier service.LEARN MORE
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A ROADMAP TO SUCCESSFULLY REOPENING YOUR BUSINESS As businesses across the country begin to reopen and employees return to their workplace, it is imperative that leaders are well-prepared to tackle the many challenges and considerations needed to reemergesuccessfully.
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The deadline to file and pay taxes has been extended to July 15, but this doesn’t mean you should wait until the last minute to file if you don’t ...Explore SINGAPORE’S FINANCIAL CENTRE WILL EMERGE AS BIG WINNER OF A DRACONIAN CHINESE LAWMay 30, 2020
Hong Kong, currently the world’s sixth-largest financial center, may struggle to retain its position as companies consider moving to neighboring ...Explore VIRTUAL CONDOMINIUM AND HOA BOARD CERTIFICATION COURSE June 16 2020 @ 05:00 pm MBAF’s Diana Rivera and Erbin Ramirez will be participating as co-presenters at a virtual condominium and HOA board certified class. They will discu ...Explore WEBINAR: VISION OF TRADE ROUTES – HONG KONG AND THE AMERICAS June 18 2020 @ 09:30 am MBAF’s Hernando Gomez will be participating as a speaker in a webinar on trade routes between Hong Kong and the Americas presented by The Hong Kong ...Explore CFO ROUNDTABLE – THE C-SUITE’S DYNAMIC DUO August 21 2020 @ 09:00 am MBAF is proud to sponsor the SFBJ CFO Roundtable – The C-suit’s Dynamic Duo. There is no executive closer to the CEO than the Chief Financial ...ExploreProfessionals
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MAIN STREET LENDING PROGRAM ‘DAYS AWAY’ FROM ROLLING OUT – ADDITIONAL TERMS AND FAQS RELEASEDJun 4, 2020
On May 27, 2020, the Federal Reserve Bank of Boston (Federal Reserve) released new updates in connection with the Main Street Lending Program (Program). The updates included legal forms and agreements for eligible borrowers and lenders (see here), as ...Explore
MBAF PRESENTS A ROADMAP FOR RETURNING TO WORK AS LOCKDOWNS LIFTJun 4, 2020
MBAF has provided a multi-disciplinary presentation on a Roadmap for Returning to Work. Here is a summary of the key points shared by our panel of distinguished experts. In addition, you can also watch the Webinar on Demand. Gerry Pulvermacher, P ...Explore
PAYCHECK PROTECTION PROGRAM FLEXIBILITY ACT (PPPFA) NOW AWAITS PRESIDENT'S SIGNATUREJun 4, 2020
On May 28, The U.S. House of Representatives overwhelmingly passed bipartisan legislation aimed at updating the original Paycheck Protection Loan (PPP) program by giving small businesses more time and flexibility to use their Paycheck Protection Prog ...Explore
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