BLS Insights

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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