As your Trusted Advisor, KerberRose is dedicated to keeping you, our clients, informed on the latest COVID-19 information. We know this time of uncertainty and unpredictability has left organizations and individuals feeling vulnerable, and our hope is to provide you with resources to help you and your organization weather the impact of COVID-19.
As more recommendations and legislation emerges, we will continue to post updates and share important information.
Stay informed on KerberRose's measures to stop the spread of the Coronavirus and our plans to continue to serve our clients with the quality service you deserve.
TAX NEWS: The IRS Extends Individual Tax Deadline to May 17
The IRS is delaying the deadline for individual federal income tax returns to May 17, 2021. Read more about how this might affect you.
American Rescue Plan Act: What's in it for you?
On March 11, President Biden signed into law the American Rescue Plan Act of 2021, providing $1.9 trillion in additional federal funding to individuals, local governments and small businesses.
Important Provisions of the Consolidated Appropriations Act of 2021
The Consolidated Appropriations Act of 2021 recently passed into law on Dec. 27, 2020, containing key tax provisions and updated economic impact payments.
The Consolidated Appropriations Act of 2021: What You Need to Know
On Dec. 27, President Trump signed into law the Consolidated Appropriations Act of 2021, the first federal aid bill passed since April of 2020. Read here to learn more about this act's provisions.
President Trump Signs Executive Orders for Coronavirus Relief
President Donald Trump signed a series of executive orders on Saturday, August 8, to provide temporary relief to Americans impacted by the Coronavirus pandemic.
CARES Act Updates to Required Minimum Distributions
An announcement by the IRS on June 23, 2020 stated Required Minimum Distributions (RMDs) for 2020 are waived under the Cares Act and anyone who already took a RMD can now roll those funds back into a retirement account.
Congress Expands Coronavirus Relief for Small Businesses
Small business loan program gets $310B boost in latest Coronavirus relief bill.
Webinar: CARES Act for Non-Profits
Register for a webinar breaking down nonprofit-specific CARES Act provisions.
Breakdown of CARES Act Webinar Presentation Slides
Take a look at the slides and notes from our 4/8 Webinar on the CARES Act.
Breakdown of Congress' $2 Trillion Economic Stimulus Package (CARES Act)
A breakdown of the recently passed CAREs Act and how it will directly impact individuals, businesses and the healthcare system.
How the Families First Act Will Impact You
Here's what you should know about the Families First Coronavirus Response Act (FFCRA).
Coronavirus Legislation: Implementation Details on Temporary Paid Leave Requirement
Information on who the measures impact and how.
Employee Retention Credit and Economic Impact Payments:
Here are provisions of the Consolidated Appropriations Act we feel you should know more about.
New Financial Resources for Small Businesses
Governor Tony Evers recently announced an additional round of funding for small businesses hit hardest by the COVID-19 pandemic, including a second round of the "We're All In" Small Business Grants. Applications for these grants opens again at 8 a.m. Monday, Oct. 19 and runs through Nov. 2.
WEDC Small Business Grant
The Wisconsin Economic Development Corporation (WEDC) recently announced a new $75 million grant program for Wisconsin businesses affected by COVID-19. The aim of the grant is to assist these businesses with costs from interrupted business, health and safety improvements, wages and more.
process by offering Form 3508EZ (EZ Form).
SBA and PPP Loan Q&A
Common questions regarding the application process and allocation of SBA and PPP loan funds.
SBA 7(a) Loan Application Checklist
SBA Loan Application Form, Personal and Financial statements,
SBA Loan and Forgiveness Documentation Checklist
Know which documents to include when you securely send your loan application to your lender.
SBA Disaster Relief Loans for Small Businesses
U.S. Small Business Administration (SBA) announced they will expand their Economic Injury Disaster Loan Program to small business and private, non-profit organization affected by COVID-19.
U.S. Small Business Administration
SBA COVID-19 small business guidance and resources.
Business Continuity Checklist
Answer these key questions to make sure you and your business are prepared.
Payroll and Paycheck Protection Program
Economic Aid to Hard Hit Small Business, Non-Profits and Venues Act
Use this helpful guide to see the guidance and bottom line updates made to the second round of Paycheck Protection Program and how it compares to PPP1.
2021 Paycheck Protection Program: More Funding and Second-Draw Loans:
The Consolidated Appropriations Act of 2021 includes provisions related to the PPP, including refreshing funds, expanding eligibility for first-time loans and offering second-draw loans.
Paycheck Protection Program Update
The U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury issued a new interim final rule on August 24, 2020, pertaining to owner-employee compensation and the eligibility of non-payroll expenses.
Paycheck Protection Program Deadline Extended
On July 4, President Trump signed into law an amendment to the Paycheck Protection Program (PPP) allowing businesses affected by COVID-19 more time to apply for federal funds. Businesses will now have until August 8, 2020 to apply.
Paycheck Protection Program EZ Application: SBA Form 3508EZ
The SBA recently updated their Paycheck Protection Program (PPP) loan forgiveness application
Additional Guidance for Paycheck Protection Program Borrowers
Read more about the Paycheck Protection Program Flexibility Act of 2020, which loosens several of the PPP's restrictions regarding loan forgiveness.
Webinar: Paycheck Protection Program Loan Expenses and Forgiveness
View the recording and download the presentation slides of this webinar explaining allowable loan expenses, tracking of expenses, and how to calculate forgiveness.
SBA Answers FAQ #46: Loan Repayment and Good Faith Certification
The SBA released FAQ #46 addressing this question: How will SBA review borrowers' required good-faith certification concerning the necessity of their loan request?
SBA PPP Loan Forgiveness Application
Use this application to apply for Paycheck Protection Program loan forgiveness.
How To Set-Up Pay Codes for COVID-19 in QuickBooks
Learn how to set-up Self-Care, Other-Care, and Extended-Care pay in QuickBooks.
Calculating Loan Forgiveness
Calculate your PPP loan amount forgiven using this forgiveness calculator.
Best Practices for Tracking your Paycheck Protection Program Expenses
Once you are awarded your PPP loan, it's important to plan ahead for loan forgiveness. Consider these best practices for tracking your PPP expenses.
Payroll Protection Program FAQ's
Frequently asked questions about the Payroll Protection Program.
Payroll Protection Program Overview
Payroll Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Applications begin April 3, 2020.
Payroll Protection Program Information Sheet
Fact sheet for the Paycheck Protection Program.
Payroll Protection Program Application Form
Utilize this form to apply for the Payroll Protection Program.
Step-By-Step Guide to Viewing Your Stimulus Payment
Due to receive an Economic Impact Payment? Many know about the Get My Payment tool on the IRS website; however, you can also use the View My Account tool.
CARES Act Changes to Required Minimum Distributions (RMDs)
Information on changes to 2020 required minimum distributions from retirement accounts in light of COVID-19 and CARES Act.
Explaining Stimulus Checks for Young People
Many people between the ages of 17 and 24 will not receive a stimulus check this spring. Here's a few explanations as to why.
Financial Advice for Small Businesses During the Coronavirus Outbreak
Here's advice on how your business can stay resilient in the face of this pandemic.
Bear Market: Now What?
Concerned with the U.S's current market volatility? Here's a look at market resilience from U.S. economic crises of the past.
Remote Accounting and Consulting for Your Organization
Small businesses and governments may find essential functions interrupted due to COVID-19. KerberRose can help by offering remote accounting & consulting work.
Returning to Work: How to Keep Your Employees Safe
KerberRose Human Resources created a guide for employers who wish to safely reopen their business, following lifted restrictions for COVID-19 mitigation.
FFCRA Employer and Employee Eligibility and Tax Credits
Flow Charts explaining employer and employee eligibility for FFCRA and FFCRA-related tax credits.
Families First and Coronavirus Response Act (FFCRA) Leave Request Form
The IRS and DOL have clarified the documentation required to receive the payroll tax credit for any FFCRA-qualified leave.Employers should require employees requesting leave to complete this form and provide the documentation presented, prior to approving FFCRA leave
DOL Workplace Posters
All employers must post these in a conspicuous location at their worksite.
Benefits Compliance Implication for the Current Coronavirus Crisis
Information on HIPAA privacy and security rules, benefits-related FMLA questions and leave considerations, and employment law questions.
Managing a Remote Workforce
Consider these remote working tips to help guide your organization through COVID-19 and the complexities of working from a home office.
Employer Preparedness Checklist for COVID-19
This checklist will assist in developing your own preparedness plan or updating your current one.
Give Employee Morale a Lift
Amid the current global crisis, recognize your employee's contributions and make them feel valued wit these five tips.
Department of Workforce Development Unemployment Benefits Calculator-WI
Get an estimate of your full or partial unemployment insurance benefits.
Department of Labor Families First Coronvirus Response Act Q & A
The DOL provides updated regulations and guidance on the FFCRA.
Door County Economic Development Resources
Resources for Door County community members and businesses affected by COVID-19.
Essential Business Declaration for WI Businesses-WEDC
The Wisconsin Economic Development Corporation (WEDC) provides information on businesses deemed 'essential' under Gov. Evers' Safer At Home Order.
Restaurant Employee Relief Fund Application
Grants for restaurant industry employees who have been adversely impacted by COVID-19 financially.
United States' Bartender's Guild (USGB) Bartender Emergency Assistance Program
Eligible bartenders may apply for a USGB National Charity Foundation grant.
Unemployment COVID-19 Public Information
Frequently asked questions about the COVID-19 Coronavirus and Wisconsin Unemployment Benefits for claimaints and employers.
WEDC Releases COVID-19 Guide for Small Businesses
This guide contains a variety of strategies to help small businesses be more resilient amid the extreme challenges of the COVID-19 pandemic.