What Will Your Recovery Look Like?
By Lisa Purichia Partner, Director of Accounting & Retirement Plan Services [email protected] As you cope with the continuing impact of COVID-19, you’re probably struggling with day-to-day operations rather than planning
Continue ReadingPPP Loan Forgiveness — Planning Ahead
(Editor’s Note: All Information included herein is as of April 10, 2020.) For many, the past week has been a mad dash to apply for the Small Business Administration’s (“SBA”)
Continue ReadingIRS Defers Due Date of June 15th Estimated Tax Payments
The Internal Revenue Service has extended relief for the Federal Estimated Tax Payment (for Individuals and Corporations) normally due June 15, 2020 to July 15, 2020, without penalty. The IRS
Continue ReadingCOVID-19 Response — SBA Loans: Update #2
As stated in our previous e-blast on Saturday, the U.S. Small Business Administration (SBA) has been authorized to offer two new loan facilities to assist business owners: 7(a) Paycheck Protection Program
Continue ReadingCARES ACT: Retirement Plan Impact
By Bill Barks Director, Retirement Plan Services [email protected] The CARES Act was signed into law March 27, 2020. Below are the key provisions affecting retirement plans: Hardship Distributions: The CARES Act
Continue ReadingThe Families First Coronavirus Response Act
By Lisa Purichia Partner, Director of Accounting & Retirement Plan Services [email protected] Author’s Note: This is VERY IMPORTANT information for employers. Additional supporting regulations and guidelines are to be issued this
Continue ReadingCARES Act and Related SBA Loan Programs
Yesterday, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This Act creates relief for small businesses and their employees who are adversely affected by the COVID-19
Continue ReadingIndividual and Business Provisions within the CARES Act
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services [email protected] On March 25, 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), intended to provide
Continue ReadingIRS Helps Clarify Some Important Questions Related to the July 15th Deadline
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services [email protected] The Internal Revenue Service has issued additional guidance on some commonly asked questions related to the postponement of the April
Continue ReadingAdditional Guidance from the IRS and IDR on Filing and Payment Extensions
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services [email protected] On March 20th, the Internal Revenue Service issued Notice 2020-18, which provides updated guidance related to the upcoming April 15th federal tax
Continue ReadingMarch 2020 Newsletter
In this month’s newsletter, you can read about our Coronavirus policy, tax filing and payment extensions, Sponsel’s recent accomplishments and more!
Continue ReadingPresident Trump Moves Tax Filing Deadline to July 15th
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services [email protected] Treasury Secretary Steve Mnuchin tweeted today that President Trump directed him to move the tax filing deadline from April 15th
Continue ReadingIRS Update Related to the April 15th Deadline
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services [email protected] On March 18, the Internal Revenue Service issued Notice 2020-17, which provides additional guidance related to the upcoming April 15 federal
Continue ReadingHow We Are Handling Coronavirus
At Sponsel CPA Group, we are keenly aware of the potential impact of the coronavirus (COVID-19). As many of you are, we are taking steps to provide for the continuity
Continue ReadingDo You Make It Easy to Do Business with You?
By Tom Sponsel, CPA/ABV, CFF Managing Partner [email protected] Many business owners are so focused on growing their business they forget to stop and assess whether they’re easy to do business with. Here
Continue ReadingSponsel CPA Group Named One of the Best Places to Work in Indiana — Again!
Sponsel CPA Group is proud to be recognized for the second year in a row by the Indiana Chamber of Commerce in its list of the Best Places to Work in
Continue ReadingFebruary 2020 Newsletter
Welcome to the first Sponsel CPA Group newsletter of the new year! Read about onboarding, benchmarking, new year legal policies and more!
Continue ReadingTalent Management: Start with a Great Onboarding!
By Lisa Purichia Partner, Director of Accounting & Retirement Plan Services [email protected] As the adage goes, your first impression is the best impression. In this tight labor market, that impression
Continue ReadingWhat Your Financials Don’t Tell You: Benchmarking Your Financial Results
By Lisa Blankman, CPA Manager, Audit & Assurance Services [email protected] Many business owners find that their financial statements do not always allow them the ability to truly understand their business
Continue ReadingEmployee Spotlight: Jason Thompson
Jason Thompson has been with Sponsel CPA Group from the very beginning. One of the founding Partners of the firm, he has led the the Valuation and Litigation Services department
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