RESOURCES

PTET - Links

■ 2023 PTET Letter A - Nebraska Pass-Thru Entity Tax Planning Opportunities - 12/11/23

■ 2023 PTET Letter B - Nebraska Pass-Thru Entity Tax Planning Opportunities - 12/11/23

■ 2023 PTET Letter C - Nebraska Pass-Thru Entity Tax Planning Opportunities - 12/11/23

COVID-19 - FAQ - Links

We are currently in the process of putting together a list of resources for business and individual clients who are affected by the COVID-19 pandemic, starting with these (see disclaimer below):

■ Secure Act 2.0 Summary - Bob Jennings - 12/27/22

■ 2022 Year-end Client Newsletter - 11/28/22

■ Last Minute Stock Strategies - 11/7/22

■ Last Minute Buy a Vehicle - 11/7/22

■ Last Minute Business Deductions - 11/7/22

■ 2021 Year-end Client Newsletter - 11/22/21

■ PPPL Relief - by Ed Zollars 11/19/21

■ Parker Tax Bulletin $1 Trillion Infrastructure Bill - 11/14/21

■ Tax Savings Tip Letter - 11/4/21

■ Client Letter from May of 2021 - May 6, 2021

■ Year-round tax planning is for everyone - IRS Publication 5349

■ IRS not budging: April 15 is the deadline for 2021's first estimated tax payment: Kay Bell-Don't Mess With Taxes

■ Your Not-So-Ordinary Stimulus Check Questions Answered - Kelly Phillips Erb - Bloomberg

■ What You Need To Know Now About Non-Taxable Unemployment - Amber Gray-Fenner, Forbes - March 14, 2021

■ Mid Tax Season Client Letter from Mark Burch - March 12, 2021

■ Unemployment Recipients May Want To Wait To File 2020 Tax Returns - Amber Gray-Fenner, Forbes

■ Six Myths Surrounding the 2021 Employee Retention Tax Credit - Lynn Mucenski Keck, Forbes 2/15/2021

■ The Latest Advice on PPP Loans - Journal of Accountancy 1/25/2021

■ Expenses With PPP Money Are Tax Deductible, Congress Reverses IRS: Robert Wood, Forbes 12/21/2020

■ IRS Crushes Hopes of Deducting PPP-Paid Expenses: Tony Nitti, Forbes 11/19/2020

■ Applying for PPP Forgiveness with 3508S Form: Evergreen Small Business 10/23/2020

■ SBA Streamlines PPP Forgiveness for Loans of $50,000 and Under - ABA Banking Journal 10/9/2020

■ How Trump's Payroll Tax Holiday Will Work - Lisa Rowan - Forbes 8/31/2020

■ PPP Forgiveness: No need to rush, and other tips - Journal of Accountancy 7/27/2020

■ SBA Finally Clarifies PPP Loan Forgiveness Rules: Full Forgiveness For Self-Employed Borrowers - Brian Thompson - Forbes

■ How the Latest PPP Updates Impact Entrepreneurs - Kyle Wetaway - Forbes

■ No Fee to Replace Lost or Trashed Stimulus Prepaid Debit Cards - Kelly Phillips Erb - Forbes

■ Nearly 4 Million Stimulus Checks by Prepaid Debit Cards This Week - Kelly Phillips Erb

■ Millions of Economic Impact Payments being sent by Prepaid Debit Cards - US Treasury

■ Money Network EIP Card Instructions: https://www.eipcard.com/

■ Nebraska Dept of Revenue FAQ About Income Tax Changes due to COVID-19

■ SBA PPP Loan Forgiveness: A Deep Dive by Tony Nitti - Forbes

■ IRS Updates Employee Retention Credit FAQs & Draft 941 - Kelly Phillips Erb - Forbes

■ Miss Out On A PPPL? Don't Forget About The Employee Retention Credit - Tony Nitti - Forbes (4/30/2020)

■ LETTER from Mark Burch about CARES Enhancement Act - Round 2 (4/24/2020)

■ IRS Employee Retention Credit (4/24/2020)

■ IRS Employee Retention Credit FAQ (4/24/2020)

■ Here's Exactly When You Will Get Your Stimulus Check - Zack Friedman - Forbes (4/24/2020)

■ Your Stimulus Check Answers About Kids, Child support, Direct Deposit, ITINs & More - Kelly Phillips Erb - Forbes (4/23/2020)

■ You Got Your PPP Loan. Now What? - Bruce Brumberg, Forbes (4/20/2020)

■ Ten Things We Need to Know About PPP Loan Forgiveness - Tony Nitti, Forbes (4/19/2020)

■ Forbes - 6 Resources To Help Independent Contractors And Freelancers Access COVID-19 Assistance (4/17/2020)

■ Kaplan - SBA Guidance for SE Individuals and Partners Under PPPL (04/15/20)

■ Tony Nitti article on IRS FAQ On Payroll Tax Deferral (4/13/2020)

■ IRS FAQ on Deferral of Employment Tax Deposits (4/13/2020)

■ MEMO from Mark Burch as of 4/11/2020

■ Please be sure to visit http://www.irs.gov for current changes and updates such as non-filer payment information and Coronavirus Tax Relief (4/11/2020)

■  Executive Order No. 20-17 CV - Personal Property Tax Penalty and Interest Waiver (4/10/2020)

■ MEMO from Mark Burch: https://drive.google.com/file/d/1NBk-_oWbPMiEraNFCaQVvZ98KTTLtfml/view?usp=sharing

■ BURCH COVID-19 Engagement Letter: https://drive.google.com/file/d/1sGwjC50hOe5hUNN-vDSNdRXixZKTQzqM/view?usp=sharing

■ Need to Know About EIDL - Kelly Phillips Erb - Forbes: https://www.forbes.com/sites/kellyphillipserb/2020/04/09/what-you-need-to-know-to-about-applying-for-a-covid-19-economic-injury-disaster-loan-eidl/#78149b4b4a50 (4/9/2020)

■ IRS and DOL Paid Leave Guidance by Greenberg Glusker: https://www.jdsupra.com/legalnews/the-irs-and-dol-issue-guidance-on-89091/ (4/8/20)

■ Latest PPL FAQ from US Treasury (4/6/20): https://drive.google.com/file/d/19Vez5V6gJ8gBmCpEBCZPfcVHr6Ip0AiT/view?usp=sharing

■ PPP v EIDL comparison by Eide Bailey: https://drive.google.com/file/d/1q6oP9TGJAtzUsdog6P_-TijvedgP_fJD/view?usp=sharing (4/6/2020)

■ PPPL: 3 Things SBA/Banks Need - Tony Nitti - Forbes: https://www.forbes.com/sites/anthonynitti/2020/04/05/paycheck-protection-program-loans-three-things-the-sba-and-banks-need-to-agree-on-now/#562592491a32 (4/5/2020)

■ Guidance from Accounting Today, RESOURCES and LINKS: https://www.accountingtoday.com/opinion/coronavirus-business-survival-resources-and-relief?utm_content=socialflow&utm_medium=social&utm_campaign=accountingtoday-tw&utm_source=twitter (4/4/2020)

■ Guidance from AICPA: https://www.aicpa.org/interestareas/privatecompaniespracticesection/qualityservicesdelivery/sba-paycheck-protection-program-resources-for-cpas.html (4/4/2020)

■ SBA PPL Temporary Changes: https://content.sba.gov/sites/default/files/2020-04/PPP--IFRN%20FINAL.pdf (4/3/2020)

■ PPP Loan Application Form: https://home.treasury.gov/system/files/136/PPP-Lender-Application-Form-Fillable.pdf (4/3/2020)

■ Link to COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION https://covid19relief.sba.gov/#/

■ NEW! CVA SBA Loan Calculator: https://www.nav.com/cares-act-sba-loan-calculator/ (4/2/2020) results may vary!

■ COVID-19 SBA info by Bradford Tax Institute: https://drive.google.com/file/d/16LogNmOBCLf2_hk7tHex--qqwzUNc0B5/view?usp=sharing (4/2/2020)

■ Burch & Assoc Chart of COVIDNESS: https://drive.google.com/file/d/1CHyD0UWrwg-eQ9pDADCPbCZaDiOwOTlu/view?usp=sharing

■ Tax Credits for Req'd Paid Leave - IRS: https://www.irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-and-midsize-businesses-faqs (04/02/2020)

■ Payroll Tax Refund Credits - Tony Nitti-Forbes: https://www.forbes.com/sites/anthonynitti/2020/04/01/irs-agrees-to-speed-up-payroll-tax-refunds-related-to-new-covid-19-credits/#738b510260b9

■ Overview from the Senate: https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf (added 4/1/2020)

■ TAX RESOURCE LETTER from Mark Burch (3/30/2020) https://drive.google.com/file/d/1PbU8gH3BST60lcblc4MwL7tztHFRbJdW/view?usp=sharing

■ https://www.dol.gov/agencies/whd/fmla/faq (added 3/31/2020)

■ https://www.dol.gov/agencies/whd/pandemic/ffcra-questions

■ https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf (3/30/2020) Fresh!

■ https://www.forbes.com/sites/brianthompson1/2020/03/29/getting-cash-for-your-small-business-through-the-cares-act/#17bae91e43a0 (added 3/29/20)

■ https://www.uschamber.com/co/small-business-coronavirus

■ https://dol.nebraska.gov/STC

■ https://www.irs.gov/coronavirus

■ https://www.forbes.com/sites/kellyphillipserb/2020/03/25/all-you-wanted-to-know-about-those-tax-stimulus-checks-but-were-afraid-to-ask/#7d0acbc11f9c

■ https://www.forbes.com/#14bb31c82254

■ https://home.kpmg/content/dam/kpmg/us/pdf/2020/03/tnf-cares-act-mar27-2020.pdf

■ https://www.linkedin.com/pulse/resources-small-business-owners-impacted-covid19-madeline-pratt/

■ https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/

We encourage you to use the above resources to the best of your ability. All of the above entities have done a marvelous job of providing information and resources to us during these trying times.


DISCLAIMER: The resources provided are for general information only and have not been verified by Burch & Associates, Inc. or Mark Burch. Any reliance on or use of the resources, products, or recommendations by the user is at user’s own risk. Burch & Associates, Inc. and Mark Burch specifically disclaim any responsibility or liability relating to the use of the resources, products and recommendations and shall under no circumstances whatsoever, be liable for any damages, including but not limited to special, incidental, or consequential damages which may arise from such use. 

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