COVID-19 Resources
Here we provide links to our latest news on how COVID-19 is impacting you–our clients–and additional resources that can assist as you navigate these uncharted waters.
Firm Updates & News
- IRS Issues Revenue Rulings on PPP Expense Deductibility [11/20/20]
- More Documentation Sought for PPP Loans in Excess of $2 Million [11/5/20]
- Impact of COVID on IRS Processing [09/15/20]
- IRS Issues Guidance on Employee Payroll Tax Deferral [09/02/20]
- PPP Loan Forgiveness FAQs Updated [08/17/20]
- PPP Loan Forgiveness for the Self Employed and Owner Employees [08/04/20]
- 5-Week PPP Extension Approved by House and Senate [07/06/20]
- New PPP Loan Forgiveness Applications Published [06/23/20]
- Survey Says…How Are Businesses Planning for Normalcy? [06/09/20]
- As Reopening Continues – More PPP Changes Proposed [06/04/20]
- What Are the Best Practices When Re-Opening Your Chicago Business? [05/26/20]
- PPP Loan Forgiveness Takes Another Turn [05/26/20]
- PPP Loan Forgiveness Application {05/21/20]
- Increasing Productivity of Remote Employees [05/19/20]
- Forgiven PPP Expenses Not Tax Deductible [05/04/20]
- Beyond PPP and EIDL, What Other Loan Options are Available? [04/22/20]
- Using Funds from Paycheck Protection Program [04/22/20]
- Cook County Community Recovery Fund [04/20/20]
- IRS Extends Nonprofit Deadlines for Form 990 Series Returns [04/14/20]
- Illinois Small Business Emergency Loan Fund [04/14/20]
- Chicago Small Business Resiliency Fund [04/13/20]
- Q&A on the Paycheck Protection Program [04/09/20]
- Non-Taxable Qualified Disaster Relief Payments to Employees [04/06/20]
- Paycheck Protection Program [04/02/20]
- GFOA Offers Guidance for Local Governments on Managing Cash Flow [04/02/20]
- Individual Taxpayer Relief Under the CARES Act [04/01/20]
- Business Tax Relief Provided by the CARES Act [04/01/20]
- Q&A on Tax Rebate Under the CARES Act [04/01/20]
- CARES Act Overview [03/30/20]
- Questions Answered on the Families First Coronavirus Response Act [03/26/20]
- State of Illinois Tax Deadline Extended to 7/15 [03/25/20]
- Federal Tax Deadline Extended to 7/15 [03/20/2020]
- President Signs Families First Coronavirus Response Act [03/19/2020]
- A Message from the Selden Fox President [03/18/2020]
- Extension on Tax Payments for April 15 Deadline Announced [03/18/2020]
- COVID-19 Tax Credits for Paid Sick Leave [03/17/2020]
Industry Specific Resources
Manufacturing Industry
- National Association of Manufacturers (NAM)
- NAM COVID-19 Policy Action Plan Recommendations
- Technology and Manufacturing Association (TMA)
- Illinois Manufacturers’ Association
Nonprofit Industry
- National Council of Nonprofits
- National Association of Nonprofit Professionals (NANPP)
- American Society of Association Executives
Auto Dealers
- NADA Publications on CARES Act and PPP
- Chicago Automobile Trade Association (CATA)
- National Automobile Dealer Association (NADA)
Government Entities
Privately Owned Businesses
- National Federation of Independent Business
- Illinois Chamber of Commerce
- Chicagoland Chamber of Commerce
Additional COVID-19 Resources
- State of Illinois Coronavirus Site
- City of Chicago Coronavirus Site
- IRS Coronavirus Tax Relief Site
- Centers for Disease Control COVID-19
- American Institute of CPAs Coronavirus (COVID-19) Resource Center
- AICPA State Tax Filing Relief Chart for Coronavirus
- Congress.gov Status on H.R.6201 – Families First Coronavirus Response Act
Contact Us
For questions regarding the impact on Coronavirus as it relates to your business operations and continued tax compliance, Selden Fox is here to help.