Treasury and IRS Extend Filing Deadline and Federal Tax Payments to July 15 Regardless of Amount Owed – Individual and Business Extension Forms Not Necessary 

On Friday March 20, 2020, the IRS issued a News Release (IR‐2020‐58) and Notice 2020‐18 clarifying, expanding on, and changing previous guidance regarding taxpayers filing and payment obligations for 2019 tax returns and tax payments due between April 15, 2020 and July 15, 2020, in light of coronavirus. Notice 2020‐18 superseded Notice 2020‐17, issued just 2 days prior on March 18, 2020. Read More »

Tax Authorities Issue Guidance on Tax Relief Due to the Covid-19 Pandemic

On Tuesday, March 17, 2020, Treasury Secretary Mnuchin announced that the IRS will waive interest and penalty charges on federal tax payments due April 15, 2020 for 90 days. This was in response to the coronavirus outbreak (COVID-19). Quickly thereafter the IRS released Notice 2020-17 (Wednesday, March 18, 2020) providing guidance on the 90-day extension. Read More »

How is WNDE Addressing the Coronavirus (COVID-19) »

An Update Regarding Coronavirus (COVID-19) To our valued clients, At White Nelson Diehl Evans (WNDE), the health and safety of our employees and our clients is of paramount importance. For this reason, we are taking specific precautions to protect our staff and visitors during the current outbreak of Coronavirus. Read More »

CARES Act FAQ: Employee Retention Credit

On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes a wide range of business tax provisions, including a new credit for employers that retain their employees. Below, we address some of the common questions regarding this particular initiative. If you cannot find

CARES Act FAQ: Retirement Plan Withdrawals

On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an allowance for penalty-free early withdrawals from retirement accounts. Below, we address some of the common questions regarding this particular initiative. If you cannot find the answer to your question, please do not

Watch Out for Coronavirus-Related Scams

On Thursday, April 2, the Internal Revenue Service (IRS) issued a warning concerning the development of new scams related to the coronavirus. It is not surprising that criminals are taking advantage of the chaos resulting from the coronavirus outbreak to perpetrate fraud. The IRS has observed an uptick in fraudulent requests related to the coronavirus

CARES Act FAQ: Emergency Economic Injury Grants

On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes $10 billion in funding to provide emergency grants to small businesses and nonprofits that apply for economic injury disaster loans. Below, we address some of the common questions regarding this particular initiative. If

CARES Act FAQ: Paycheck Protection Program

On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economics Security (CARES) Act. The historic $2.2 trillion stimulus bill includes a $349 billion paycheck protection program (PPP) that targets aid to small businesses dealing with losses resulting from the coronavirus pandemic. The PPP uses the already-existing small-business loan framework of the Small Business

CARES Act FAQ: Recovery Rebate

On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The historic $2.2 trillion stimulus bill includes an estimated $300 billion in direct payments to eligible American taxpayers. Below, we address some of the common questions regarding this particular initiative. If you cannot find the answer to your question, please

Paycheck Protection Program Application Form

This form is to be completed by the Applicant and all individuals identified below and submitted to your SBA Participating Lender. Submission of the requested information is required to make a determination regarding eligibility for financial assistance. Failure to submit the information would affect that determination.  View Form Here »

PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.  View Entire PDF »

The Small Business Owner’s Guide to the CARES Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide

SBA Emergency Economic Injury Disaster Loan (EIDL) Grants

Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily expands eligibility for SBA economic injury disaster loans (EIDL) and provides an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID- 19 within 3 days of applying for an SBA Economic Injury Disaster Loan (EIDL). This provision of