The COVID-19 pandemic poses unprecedented challenges to all types of Wisconsin businesses whose operations are impacted by disruptions to their supply chains, withering demand for their products and worker unavailability resulting from sustained social distancing.
This page is designed to provide the latest, best information to our clients and the citizens of Wisconsin on resources aimed at maintaining the vitality of the companies upon which our economy depends. As the volume of inquiries through our phone lines and website prevents us from responding individually to people as we would like, we invite you to visit this page regularly.
We’re All In Small Business Grant – Phase 2 makes CARES Act funding available to Wisconsin small businesses that were unable to apply for Phase 1 of the program. And, it makes additional funds available to companies that were awarded Phase 1 grants.
The Internal Revenue Service announced today that the deadline to register for an Economic Impact Payment (EIP) is now November 21, 2020. This new date will provide an additional five weeks beyond the original deadline.
Gov. Tony Evers today directed Department of Health Services Secretary-designee Andrea Palm to issue Emergency Order #3 limiting public gatherings to no more than 25 percent of a room or building’s total occupancy. This directive is effective at 8 a.m. on Oct. 8, 2020, and will remain in effect until Nov. 6, 2020, and applies to any gatherings at locations that are open to the public such as stores, restaurants, and other businesses that allow public entry, as well as spaces with ticketed events.
The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other…
Here is a helpful list of resources all on one page: https://wisconsinsbdc.org/services/covid-19/ Reopening guidelines for a variety of industries: https://wedc.org/reopen-guidelines/
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of…
Signed into law on March 18, 2020, the Families First Coronavirus Response Act instituted new, mandatory rules for paid sick leave and FMLA directly related…
Payroll Tax Deferral Executive Order President Trump recently issued an executive order which allows employees to suspend their portion of social security payroll tax (6.2%)…
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive and there may…
Net operating loss liberalizations: The 2017 Tax Cuts and Jobs Act (the 2017 Tax Law) limited NOLs arising after 2017 to 80% of taxable income…
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These…
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be…
Important changes have been made to the Paycheck Protection Program (PPP) and are awaiting the signature of the President: On May 28, 2020, the House…
Below you will find two important updates regarding PPP Loans. Please contact us if you have any questions. Q: Will SBA review individual PPP loan…
Paycheck Protection Program: The “CARES Act” establishes a new loan under the SBA called the “Paycheck Protection Program (PPP).” The loan amount will be 250%…
IRS announced on Aug. 21 that it has temporarily suspended the mailing of three notices-the CP-501, the CP-503 and the CP-504-that go to taxpayers who…
