Covid-19 Updates

With the constantly evolving COVID-19 relief programs, it's important to find new ways to keep you updated on the most crucial information. We have been fortunate enough to receive an overwhelming number of inquiries specifically on tax and small business disaster recovery programs; so much so that we will host weekly webinars typically Tuesdays at 10:00 AM. Sign up for emails to stay up-to-date on webinar topics, guest speakers and schedule changes. Register for future webinars.

Documents

Save these important links to COVID-19 disaster relief program loan applications.

Webinars

Thumb - How to Move Your Business Forward During COVID-19

How to Move Your Business Forward During COVID-19

Wednesday, August 5, 2020
Jo Ann Koontz (Koontz & Associates, PL) and Whitney Harper (ADVOS Legal) discuss the strategy behind moving your business forward during COVID-19. When unexpected situations effect your business, there are actions that can be taken to embrace opportunity and grow your business. Jo Ann and Whitney discuss how changing management technique and seeing eye-to-eye with employees can increase productivity and efficiency.
Thumb - Guide to Completing the PPP Forgiveness Long Form Application

Guide to Completing the PPP Forgiveness Long Form Application

Friday, July 10, 2020

Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) provide an in depth example of completing the PPP forgiveness application long form. This deep dive covers payroll costs, non-payroll costs, calculating employee compensation for wages, additional expenses and more.

Thumb - The Realtors® Perspective: PPP EZ Form Explained

The Realtors® Perspective: PPP EZ Form Explained

Tuesday, July 7, 2020

Jo Ann Koontz, Jackie Durham and Marina Parkin provide examples of completing the PPP Loan Forgiveness Application Form 3508EZ (EZ Form). These examples will be focused for Realtors®, Schedule C filers and self employed individuals.

Thumb - Safe Harbors, Exemptions and PPP Loan Forgiveness Application Forms

Safe Harbors, Exemptions and PPP Loan Forgiveness Application Forms

Friday, June 26, 2020

Jo Ann Koontz, Jackie Durham (Koontz & Associates, PL) and Marina Parkin (Koontz & Parkin, CPAs) take a deep dive into the exemptions and safe harbors related to the two PPP loan forgiveness applications. Additionally, strategies and critical information about documentation that will or may be required for your loan forgiveness is explained.

Thumb - Payment Protection Payment (PPP) Update and the EZ Application for Forgiveness

Payment Protection Payment (PPP) Update and the EZ Application for Forgiveness

Tuesday, June 23, 2020

Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) discuss the new EZ forgiveness application, regulation updates for forgiveness, choosing your loan cover period and whether you should apply before the deadline.

Thumb - Leading Through a Pandemic

Leading Through a Pandemic

Thursday, June 18, 2020

Jo Ann Koontz, PL and Marina Parkin, CPA talk with professional business coach John Seiffer, CEO Bootcamp. A long term and unexpected event like the coronavirus will put stress on a business. John presents the importance of scenario planning and process development for alleviating and reversing the effects of the pandemic on your business.

Thumb - PPP and EIDL Updates and Clarifications

PPP and EIDL Updates and Clarifications

Tuesday, June 16, 2020

Marina Parkin (Koontz & Parkin, CPAs) and Jackie Durham (Koontz & Associates, PL) discuss the latest updates to PPP and EIDL loans including the PPP Flexibility Act modifications, newly available EIDL funds and how the changes to these relief opportunities can impact your business.

Thumb - What You Need to Know About the Cares Act

What You Need to Know About the Cares Act

Wednesday, June 10, 2020

Jo Ann Koontz, Marina Parkin and Jacqueline Durham discuss the recent changes to the Cares Act in regards to the extended cover period, payment deferral, forgiveness application and more.

Thumb - The PPP Flexibility Act and Comparing PPP Loan and EIDL

The PPP Flexibility Act and Comparing PPP Loan and EIDL

Tuesday, June 2, 2020

Jo Ann Koontz, Marina Parkin and Jackie Durham discuss recent legislation (Paycheck Protection Program Flexibility Act), updated comparison between PPP and EIDL, and your questions about PPP.

Thumb - COVID-19 Paycheck Program Protection Regulations Updates

COVID-19 Paycheck Program Protection Regulations Updates

Thursday, May 28, 2020

On Thursday, May 28th we discussed the latest Paycheck Protection Program regulations on how borrowers can seek forgiveness for payroll costs, loan forgiveness caps, salary/wages and commission payments for furloughed employees, non-payroll costs and more.

Thumb - Let's Discuss PPP From a Banking Perspective

Let's Discuss PPP From a Banking Perspective

Friday, May 22, 2020

On Thursday May 21st, Koontz & Associates, PL and Koontz & Parkin, CPAs discussed the Paycheck Protection Program with Kathy Collums, SVP of Sabal Palm Bank, giving us a unique banking perspective. Use the timestamps below to jump to topics of interest.

Thumb - Let's Talk about PPP Loans FAQs

Let's Talk about PPP Loans FAQs

Wednesday, May 20, 2020

Jo Ann Koontz, Marina Parkin and Jackie Durham answer frequently asked questions about SBA relief loans, PPP and EIDL.

Thumb - Market & Economic Impact of COVID-19

Market & Economic Impact of COVID-19

Thursday, May 7, 2020

Koontz & Associates and Koontz & Parkin are joined by financial advisor Brian Mariash to discuss the impact of COVID-19 on the economy.

Thumb - PPP Deductibility of Expenses, Loan Forgiveness, Deferrals & Payoffs FAQs

PPP Deductibility of Expenses, Loan Forgiveness, Deferrals & Payoffs FAQs

Tuesday, May 5, 2020

Koontz & Associates, PL & Koontz & Parkin, CPAs discuss their perspective on PPP through their clients' experiences, loan forgiveness and other frequently asked questions about PPP.

Thumb - Good Faith Certification by PPP Applicant, PPP FAQ 31 & Loan Forgiveness

Good Faith Certification by PPP Applicant, PPP FAQ 31 & Loan Forgiveness

Thursday, April 30, 2020

On April 30, 2020 Koontz & Associates, PL & Koontz & Parkin, CPAs tackled the new guidance on who should be receiving PPP loans, what factors to consider when determining good faith certification and loan forgiveness.

Thumb - PPP Loan, Schedule C and S Corporation Applications

PPP Loan, Schedule C and S Corporation Applications

Tuesday, April 28, 2020

Update on PPP and EIDL Loan, Schedule C and S Corporations.

Thumb - Payroll Tax Credit, Deferrals, IRA Planning & PPP Stimulus Funding

Payroll Tax Credit, Deferrals, IRA Planning & PPP Stimulus Funding

Thursday, April 23, 2020

Discussing PPP, federal programs for tax deferment, IRA planning and opportunities, and getting ready for the next round of PPP funding.

Thumb - COVID-19 Unemployment Resources

COVID-19 Unemployment Resources

Tuesday, April 21, 2020

Jo Ann Koontz and Marina Parkin are joined by Christine Sensenig, Labor and Employment Attorney of Sarasota, FL. In today's webinar, we will be discussing Florida's Department of Economic Opportunity (Unemployment), the CARES Act and other related topics, including your questions about this topic.

Thumb - Updated on PPP & EIDL Loans

Updated on PPP & EIDL Loans

Thursday, April 16, 2020

This webinar will provide you with an update on the PPP & EIDL Loans. 

Thumb - EIDL Loan Application Process for Individuals, Small Businesses and Realtors®

EIDL Loan Application Process for Individuals, Small Businesses and Realtors®

Wednesday, April 15, 2020

EIDL Loan Application Process for Individuals, Small Businesses and Realtors®. April 15, 2020 we walked applicants through a 13-step process on how to complete the Economic Injury Disaster Loan application.

Articles

SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program

Thursday, July 2, 2020

The U.S. Small Business Administration and the U.S. Department of the Treasury have agreed with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP).  This agreement will ensure that the interests of both transparency and protections for small businesses are served.

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SBA Reopens EIDL and Advance Program

Tuesday, June 16, 2020

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.

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SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

Sunday, May 17, 2020
On May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.
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Safe Harbor for PPP Loans Under $2 Million

Thursday, May 14, 2020

The SBA updated its PPP loan FAQs to add FAQ 46, making good on its promise to provide additional guidance as to what circumstances necessitate repayment. FAQ 46 announces that borrowers and their affiliates receiving PPP loans below that $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith (i.e., safe harbor).

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Senate Passes $484 Billion Interim Coronavirus Funding Bill

Wednesday, April 22, 2020

The Senate passed a $484 billion interim coronavirus funding bill via voice vote on Tuesday after more than a week of intense negotiations between the Trump administration and Congress.

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EIDL & PPP Loan Funds Exhausted

Thursday, April 16, 2020

At roughly 1:00pm EST it was reported that both EIDL and PPP funds have been exhausted. It is important to not panic, as this situation continues to develop we will keep you posted. It is important to not panic, as this situation continues to develop we will keep you posted.

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Coronavirus Relief Resources for U.S. Business Owners

Sunday, April 12, 2020

SUMMARY OF APPLICABLE PROVISIONS – THROUGH 4-12-2020

We have received a lot of client inquiries centered around coronavirus COVID-19 relief resources for business owners. Below is a detailed summary of provisions.

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Realtors® COVID-19 Disaster Relief Programs

Wednesday, April 8, 2020

Enjoy the full webinar or use the timestamps below to jump to the section that is most relevant to you. We start by talking about collections from the IRS and their suspension of collections from IRS with respect to stimulus checks.

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Webinar: COVID-19 Tax and Loan Programs Overview

Tuesday, April 7, 2020

With the constantly evolving COVID-19 relief programs, Koontz & Associates, PL and Koontz & Parkin, CPAs will be hosting a free webinar every Tuesday and Thursday at 10:00 AM to keep you updated on tax and small business disaster recovery programs.

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IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs

Thursday, March 26, 2020

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

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Do you need a coronavirus clause in your real estate contract?

Thursday, March 19, 2020

We have been thinking a lot about you lately - our clients, our business partners, our employees and our communities. National health concerns have changed the way Realtors® and lawyers should be drafting real estate contracts for clients.

The virus is already impacting the economy and beginning to show in the housing markets. What does that mean for buyers, sellers and Realtors®?

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