Coronavirus Resources
COVID-19 Information
Calvetti Ferguson continues to monitor and assess new developments pertaining to the COVID-19 (Coronavirus). Keeping our clients and contacts up to date on the latest information and approach to help reduce risk is a priority. Please reach out to your CF contact with questions or contact us by clicking here.
California’s Unprecedented Tax Breaks for Businesses
In a rare business-taxpayer-friendly move, California is going to allow a tax deduction that is...
IRS Determines Qualifying Meals for Expense Deduction
This past Thursday, the IRS released Notice 2021-25 that provides guidance on the temporary 100%...
How Calvetti Ferguson Pivoted During a Pandemic
As we all know, 2020 was a challenging year for most businesses, and Calvetti Ferguson had to...
Shooting a Moving Target: The Everchanging Due Date For My Individual Tax Return
The original U.S. tax deadline (before extensions) for individuals has been historically set in...
Additional COVID Relief Coming Soon
Another round of COVID relief is coming to Americans as President Biden signed the $1.9 trillion...
Partial Plan Termination Relief Provided by Congress
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on December 27, 2020,...
Employee Retention Credits or PPP Loan?
The Consolidated Appropriations Act has major initiatives in it that affect small businesses all...
Updates to the Employee Retention Credit
Employee Retention Credit The CARES Act created two mutually exclusive benefits to employers, the...
Tax Break for Business Meal Expenses and Other Stimulus Provisions
On December 21, 2020, the U.S. Congress passed the next round of COVID-19 stimulus. The final...
PPP Relaunches with New Eligibility and Tax Guidance
As I write this the Dow Jones is over 30,000, the S&P is almost 3,700 and Bitcoin is over...
Top Construction Concerns Amid COVID-19
The full magnitude of disruption from COVID-19 is still unknown to many industries including the...
How Can I Generate Tax Refunds and Cash Flow For My Business?
Updated 11/06/20 COVID-19 is changing our daily lives in terms of medical safety and how we...
Calvetti Ferguson Co-Hosts Cybersecurity Challenges in the COVID Environment Webinar
Calvetti Ferguson co-hosted a webinar focused on cybersecurity challenges in the COVID environment...
Oil and Gas Tax Challenges and Considerations Post-COVID-19
All industries have been forced to face the health and economic challenges from the global...
ERISA Plan Administration – New Remote Options
The impact of COVID-19 containment efforts has left many Dallas and Houston businesses relying on...
PPP Loan Program Extended
On Saturday, July 4th, as Americans celebrated Independence Day, President Trump signed a...
AGC COVID-19 Survey Uncovers Rising Project Cancellations
The arrival of COVID-19 created new and unanticipated circumstances for individuals and...
DOL Adopted Additional Safe Harbor for Plan Administrators
During the end of May, the US Department of Labor (DOL) adopted a new and additional safe harbor...
Relaxing PPP Rules – New Law Signed and What it Means to Businesses
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law,...
Revenue Recognition Effective Date for Private Companies Adoption Delay
For private companies who have not yet adopted the revenue recognition standard, (FASB ASC Topic...
Calvetti Ferguson Hosts COVID-19 Update With Congressmen Kevin Brady and Dan Crenshaw
Calvetti Ferguson and the Houston Chapter of the Association for Corporate Growth (ACG) will...
SBA Extends PPP Safe Harbor to May 18 and Increases Existing PPP Loans to Partnerships
COVID-19 Funding Update Last night, the SBA issued a new interim final rule which allows lenders...
SBA Announces Safe Harbor for PPP Borrowers with Loans Less than $2M
COVID-19 Funding Update In a dramatic turn of events the Small Business Administration (SBA)...
Pros and Cons of Out-of-Court Restructuring vs. In-Court Bankruptcy
COVID-19 Business Planning Update The impact of COVID-19 as well as falling oil & gas...
Governor Abbott’s Press Conference Summary
COVID-19 Update Today, Governor Greg Abbott shared during his press conference that he will allow...
The House Passes Additional Aid for Small Businesses and COVID-19 Testing
The Senate and the House have passed an additional $484 billion relief package aimed at refilling...
COVID-19 Legislation Impacts Estate Planning and Wealth Transfer Strategies
COVID-19 Tax Planning Update During these challenging times, we are often thinking of our family...
How Can Your IT Department Make the Most of COVID-19?
These past several weeks have produced many challenges for IT organizations across the world. In...
What Are the CARES Act’s Changes to Section 163(j)?
COVID-19 Tax Planning Update We are hearing this question more and more now that the CARES Act has...
IRS Provides Form 5500 Relief for Filings Due Before July 15, 2020
COVID-19 Benefit Plan Opportunities The Pension Benefit Guaranty Corporation (PBGC) announced the...
How Does the CARES Act Affect R&D Tax Credits?
One of the questions we are getting from clients is “If my business has had some recent losses,...
CARES Act: Are U.S. PE Middle Market Firms Left Out?
COVID-19 PPP Loans Update One of the highlights of the recent $2 trillion CARES Act is the...
Major Disruption Survival Guide For Construction Contractors
COVID-19 Construction Update This guide will help construction contractors navigate through six...
Calvetti Ferguson Hosts Legislative Update With Congressman Kevin Brady
Calvetti Ferguson knows how important it is to stay up to date with all the legislative updates in...
Texas Comptroller Extends Franchise Tax Deadline
COVID-19 Tax Update The Texas Comptroller announced April 2, 2020, that his agency is...
What You Need To Know About Emergency Economic Injury Disaster Loans
COVID-19 Funding Opportunities The U.S. Small Business Administration is offering designated...
COVID-19 Child Nutrition Response Act Offers Flexibility for Meal Programs
In response to the strain COVID-19 has put on our low-income population’s access to resources for...
CARES Act – Income Tax Implications
COVID-19 Tax Update The CARES Act includes many income tax implications for both businesses and...
CARES Act – Paycheck Protection Program and Loan Forgiveness
COVID-19 Funding Opportunity In order to severely limit the COVID-19 health risks on the more...
Congress Offers Payroll Tax Relief to Cover COVID-19 Employee and Business Impacts
Congress passed legislation that allows companies to delay and/or retain payroll taxes in order to...
CARES Act – Employee Benefit Provisions
COVID-19 Benefit Plan Opportunities The CARES Act includes retirement-based provisions which ease...
The House Passes $2 Trillion Relief Bill
As expected, the House passed a $2 trillion relief bill on Friday benefiting US taxpayers and...
IRS Unveils New People First Initiative
The IRS, in news release IR-2020-59, announced the People First Initiative which will provide...
COVID-19 Relief for Student Loan Borrowers
As of March 20, the Department of Education has enacted 0% interest rates for federally-held...
Texas Comptroller Offers Businesses Assistance
The Texas Comptroller’s office has issued guidance relating to deadlines on paying or remitting...
Small Businesses Eligible for Working Capital Loans Up to $2M
COVID-19 Tax Update The Small Business Administration (SBA) issued an Economic Injury Disaster...
Tax Credits for Businesses & Paid Leave for Workers
The IRS published news release IR-2020-57 on March 20, 2020, which states that "small and midsize...
Federal Tax Filing Deadline Extended to July 15th
Treasury Secretary Steven Mnuchin announced today that the IRS has extended the national income...
Treasury Announces Tax Payment Relief
COVID-19 Tax Update Today, Treasury Secretary Steven Mnuchin announced that individuals can defer...
Coronavirus Update – SEC Provides Relief
The Securities and Exchange Commission (SEC) announced that it is extending the filing periods...
Here are some other resources you might want to check out:
IRS Stimulus Payment Online Portal
PrimeGlobal Coronavirus Resources
U.S. Small Business Administration (Guidance and Loan Resources)
Small Business Guide & Checklist
