COVID-19 NEWSROOM

Covid-19 has changed all of our lives and on many different levels. GranthamPoole is dedicated to providing our clients with the latest information on ways that it has and could affect your finances. We’re monitoring and summarizing any changes in state and local legislation as well as providing expert opinions here so check back often.

RECENT NEWS & ARTICLES

The Employee Retention Credit: Some Much-Needed Good News

Let’s face it, it’s been a dark year and a half since much of the country shut down with the coronavirus pandemic. Now, many businesses that believed they had made it through the worst of it are facing pandemic aftershocks that are shaking up business models around...

The American Rescue Plan Act and the Child Tax Credit

The American Rescue Plan Act (ARPA) signed into law earlier this month by President Biden made significant temporary enhancements to the child tax credit (CTC). These enhancements temporarily expand the eligibility for, and the amount of, the child tax credit (CTC)...

The Consolidated Appropriations Act and PPP

The Consolidated Appropriations Act passed in late December revived and expanded the Paycheck Protection Program (PPP).  Established under the CARES Act, PPP furnished loans to businesses to pay employee wages and other necessary expenses...

Mississippi Relief for Rental Property Owners and Businesses

On October 9, 2020 the Mississippi Rental Assistance Grant Program (MRAP) was established to award grants to owners and landlords of Mississippi rental property.  When the CARES Act passed in March of this year, it included a moratorium on...

Executive Order on Tax Deferrals Explained

On August 8, 2020 President Trump issued an Executive Order allowing the deferral of payroll tax obligations due to the continuing Covid-19 crisis.  Last Friday, the IRS issued guidance related to the implementation of this Order (Notice 2020-65).  The...

The Latest Guidance on PPP Loan Forgiveness

A little more than three weeks ago, President Trump signed into law the PPP Flexibility Act of 2020 (Flexibility Act) which made some significant changes to the Paycheck Protection Program (PPP), a loan program introduced in the CARES Act of...

CARES Act Makes Long-Awaited Correction to the “Retail Glitch”

The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the U.S. Tax Code passed in 2017.  Of course, 2017 seems like decades ago considering all that has transpired since then, most notably the coronavirus pandemic.  Unfortunately, it took a...

Mississippi Coronavirus Relief Bill Signed

Last week, Governor Tate Reeves signed a bill to provide $300 million in relief to small businesses in Mississippi.  The $300 million is part of the federal relief provided to states in the CARES Act passed in Washington on March 25. The...

Returning to Business – But Not “As Usual”

I started joking weeks ago that overuse of the word “unprecedented” resulted from everyone’s avoiding use of more colorful terms when distinguishing the new world from pre-pandemic reality. You’ve barely been able to get through a news conference since...

Have questions or concerns? Contact us! We're here to help.

Share This