Home » Blog
409, 2020

Social Security Tax Deferral Update

By |September 4th, 2020|

As you probably know, on August 8, 2020, the President issued a memorandum related to delaying the employee portion of Social Security payroll taxes. Then, on August, 28, the IRS released Notice 2020-65, found here: setting forth some guidance on the President's memorandum. As expected, the Notice announced an optional delay of the due date for the withholding and payment [...]

1707, 2020

RMI video regarding the PPP

By |July 17th, 2020|

We hope that you and your employees continue to be safe and healthy during this trying time. To compliment the regular updates on the different legislation that has been passed to assist businesses (and the PPP loan aspect of those in particular), we wanted to reach out again with some additional, and hopefully helpful, information. RMI has worked with [...]

1006, 2020

New Regulations Affecting Clients with PPP Loans

By |June 10th, 2020|

For those of you that have secured a PPP loan through your lender, you may have heard that there are now approved regulations affecting the time period and qualifying costs to be eligible for loan forgiveness. Generally, these appear to be more favorable, meaning that more companies should be able to use the PPP funds for the intended purposes [...]

2005, 2020

PPP Loan Forgiveness Application

By |May 20th, 2020|

As you may have heard, late on Friday, the Small Business Administration and Treasury Department released the application (application and instructions for loan forgiveness) that borrowers will use to seek forgiveness for Paycheck Protection Program ("PPP") loans, along with detailed instructions for its completion. The 11-page application contains measures that will benefit borrowers, including an option that lets small [...]

1004, 2020

RMI FFCRA Leave Request Form

By |April 10th, 2020|

RMI knows that you have been inundated recently with information related to both the original federal aid legislation (the Families First Coronavirus Response Act, or the “FFCRA”) and the second major piece of legislation (the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act”). RMI has attempted to mitigate the amount of that inundation by limiting the [...]

3103, 2020

RMI CARES Act Update

By |March 31st, 2020|

We know you have many questions regarding the recently passed CARES Act ("the Act"), specifically, what are the next steps? In an effort to keep information flowing, we will produce a series of updates over the next few days as the administrative rules are published. As usual, please seek advice from your CPA, financial advisor, and/or banker on how [...]

2703, 2020

Paycheck Protection Program (PPP) Loan Q & A

By |March 27th, 2020|

On Friday afternoon, the U.S. House of Representatives passed the Senate version of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), and President Trump signed the legislation just a few hours later. In addition to putting money directly in the pockets of many individuals, the CARES Act provides two new avenues for limiting your expenses. First, [...]

2503, 2020

April 1, 2021 date for the Families First Coronavirus Response Act & SBA Loan Information

By |March 25th, 2020|

A couple of timely issues to report. First, the effective date of the Families First Coronavirus Response Act "the Act" has been changed from April 2, 2020 to April 1, 2020. If you are considering making staffing changes prior to the Act taking effect, those should be made by March 31, 2020. Second, our national association has hired the [...]

Go to Top