Category: Tax
Delaware Relief Grants Portal Reopened
January 20, 2021
The Delaware Division of Small Business announced that they have reopened their application portal on January 19, 2021 to small businesses and nonprofit organizations that have not already applied for … Continued
COVID-19 Relief Bill Provisions Affecting Individuals
January 20, 2021
Since March, BLS has been keeping our clients and friends apprised of new legislation and changes that have occurred due to COVID-19. This edition of our BLS Important Update is … Continued
Two Key Provisions of the COVID-19 Relief Bill – PPP and ERC
January 05, 2021
The COVID-19 Relief Bill was signed by President Trump on Sunday, December 27 and BLS prepared COVID-19 Relief Bill – What we know so far, which provided highlights of significant … Continued
COVID-19 Relief Bill – What we know so far
December 28, 2020
On Sunday, December 27, President Trump signed into law $900 billion in COVID-19 Relief and $1.4 trillion in government funding. The over 5,500-page bill combines financial relief for individuals, businesses, … Continued
Form 1099-NEC Additional Clarification
December 10, 2020
Earlier this week, we sent a communication to our clients regarding Form 1099 and W-9 Reporting Requirements. From that communication, we received questions specific to the Internal Revenue Service’s introduction … Continued
U.S. Department of Health and Human Services Relief Funds Update
November 06, 2020
On April 10, 2020, the U.S. Department of Health and Human Services (HHS) automatically began distributing relief funds to “providers who billed Medicare-fee-for-service in 2019, be a known Medicaid and … Continued
Delaware Relief Grants Update from the Delaware Division of Small Business
October 30, 2020
The Delaware Division of Small Business just released three important changes related to the DE Relief Grants program. Businesses no longer need to demonstrate a revenue decline of at least … Continued
COVID-19 Update: SBA Released Streamlined Application for Some PPP Borrowers
October 09, 2020
On October 8, 2020, following requests by many businesses and lenders across the country, the Small Business Administration released a streamlined application for Paycheck Protection Program (PPP) borrowers who borrowed … Continued
COVID-19 Update: Three important topics for your review
September 29, 2020
In our continued effort to provide guidance to companies and nonprofits, we have outlined three important topics in this edition of our BLS Important Update. Our firm has received numerous … Continued
Considerations Before Meeting with Your Estate Planner
September 01, 2020
The coronavirus pandemic has only punctuated a point that planners have been making for years. Everyone needs an estate plan. Admittingly, the process can seem overwhelming, so we’ve broken down … Continued