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Child Tax Credit Advanced Payments

In March 2021, the American Rescue Plan expanded the Sec. 24 Child Tax Credit in several ways...

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July 15, 2021

Child Tax Credit Advanced Payments

In March 2021, the American Rescue Plan expanded the Sec. 24 Child Tax Credit in several ways...

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July 12, 2021

Delayed Filing for Tax Returns

As a result of the pandemic and many changes within IRS operations, over 35...

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June 22, 2021

Forgiveness Deadline for Round One PPP Fast Approaching

Nearly all recipients of Paycheck Protection Program Round 1 loans are well aware that their...

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March 26, 2021

Senate Passes Clean PPP Extension

Today, March 25, the Senate voted 92-7 in favor of legislation to extend the Payroll Protection...

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March 26, 2021

2021 American Rescue Plan: What You Need To Know

The American Rescue Plan (ARP) was passed by Congress in early March 2021. In addition to the...

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March 17, 2021

New Tax Day Deadline: Monday, May 17, 2021

It’s official: The Internal Revenue Service has pushed the April 15 tax day deadline to May 17.

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March 1, 2021

Tax provisions in the American Rescue Plan Act

The $1.9 trillion stimulus plan passed by the House of Representatives early Saturday contains...

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February 10, 2021

SBA Guidance: First and Second Draw PPP Loans

The Consolidated Appropriations Act (CAA) signed into law at the end of December 2020 reopened...

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January 25, 2021

Employee Retention Tax Credit 2021 - What You Need To Know

This article discusses the major changes to the employee retention tax credit (ERTC) specifically...

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January 15, 2021

PPP Second Draw Loans to Start January 2021

Second Draw PPP Loan applications are now available for small businesses...

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December 31, 2020

Small Business Relief in New Bill

A message from Dean Krech regarding the new COVID-19 relief bill for small business...

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December 28, 2020

Congress passes COVID-19 aid package containing billions in funding and tax breaks

After months of negotiations in Washington, an agreement has been struck on a new aid package to add

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December 20, 2020

Changes In Latest Covid Relief Package

When Congress initially responded to the Covid-19 pandemic by passing the CARES Act on March 27th, 2

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November 2, 2020

IRS Offers New Relief Options to Help Taxpayers Affected by COVID-19

At the IRS, we recognize these are challenging times for everyone, and we understand that many...

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October 9, 2020

Simpler PPP Forgiveness for Loans of $50,000 or Less

WASHINGTON – The U.S. Small Business Administration, in consultation with the Treasury Department...

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August 31, 2020

Emerging Tax and Regulations Alert for 08/31

On August 28, the IRS issued guidance that provides some explanation of how employers can defer...

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July 23, 2020

Gov. Lee Announces $150 Million in Relief Funds for Tennessee Non-Profits

Today Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group announced $150...

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July 20, 2020

PPP Loan Forgiveness Consulting and Application Services

The Paycheck Protection Program (PPP) was created by the CARES Act and rolled out on April 3 to...

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June 22, 2020

Updated Guidance on PPP Loan Forgiveness Now Available

On Tuesday, June 16th, the US Treasury released an updated version of the often-criticized PPP...

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June 8, 2020

Congress Agrees On Favorable Changes To PPP

Earlier today, the Senate unanimously approved H.R. 7010, a bill that will dramatically alter severa

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May 18, 2020

SBA Releases Paycheck Protection Program Loan Forgiveness Application: A Deep Dive

On Friday, May 15th, the Small Business Administration (SBA) released the application borrowers...

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May 11, 2020

Drafting Your Will Using Online Tools Can Lead To Unwanted Outcomes

Do-it-yourself (DIY) projects often fail because one doesn’t use the proper tools. DIY wills are...

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April 27, 2020

New Emerging Tax & Regulation Alert

Congress and the Trump administration have struck a deal on another piece of legislation, the latest

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April 12, 2020

Treasury Announces Main Street Lending Program for Mid-Sized Businesses

Pursuant to section 13(3) of the Federal Reserve Act, U.S. Treasury Secretary Steven...

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April 12, 2020

The IRS Extends More Federal Tax Deadlines

We have been monitoring the ongoing saga of the Payroll Protection Program. What is clear...

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April 3, 2020

Payroll Protection Loan – Get Ready, Get Set, Wait

We have been monitoring the ongoing saga of the Payroll Protection Program. What is clear...

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April 3, 2020

CARES Act: What Americans Need To Know About Recovery Rebates

In response to the unprecedented challenges facing many Americans, the “Coronavirus Aid...

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March 30, 2020

CARES Act Provides COVID-19 Pandemic Relief to Businesses

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) represents the third phase...

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March 30, 2020

Coronavirus Aid, Relief, and Economic Security Act: What Small Businesses Need to Know

On March 27, 2020 , after many sectors of the economy have come to a virtual stand-still and...

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March 29, 2020

Small Business Act Loans Under the CARES Act

On Friday, March 27, 2020, President Trump signed the “Coronavirus Aid, Relief, and Economic...

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March 29, 2020

The CARES Act and What it Means for Nonprofits

Many nonprofit associations are hailing the CARES Act for the provisions that will benefit...

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March 29, 2020

Tax Filing and Payment Extension: COVID-19 Relief

The Tennessee Department of Revenue has extended the due date for filing and paying the Business...

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March 25, 2020

CARES Act to Provide Billions of Dollars of Relief for Many

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the...

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March 22, 2020

Treasury Delays Tax Filing and Due Dates 90 Days

This past Tuesday, U.S. Treasury Secretary Steven Mnuchin announced the standard April 15...

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March 21, 2020

Families First Coronavirus Response Act Expands Paid Sick Leave, Family Leave

On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act...

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March 20, 2020

Nonprofits Seek $60 Billion in Federal Aid

This request is so important to the Chattanooga community. At JHM, we are closely involved with...

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March 19, 2020

10 Musts for Business Success

In the past 30 years as a practicing CPA, I’ve been incredibly blessed to see the inner...

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March 17, 2020

Cost Segregation Studies - Understanding the Benefits

At JHM, we are currently seeing a tremendous volume of commercial construction and...

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March 15, 2020

R&D Credits Remain Underutilized and Misunderstood

The Research and Development Credit is one of the most underutilized and little understood...

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