Registration Now Open For Restaurant Revitalization Fund

The U.S. Small Business Administration launched the registration portal for the $28.6 billion Restaurant Revitalization Fund (RRF) on April 23, and is now accepting applications for the program. Restaurants and other food providers hard-hit during the COVID-19 pandemic have been anxiously awaiting direct aid to help them recover after more than a year of government-imposed closures and […]

Robert L. PiosoFounder, Rich Coast Accounting

Oller Abogados joins IR as the exclusive Administrative Law Member in Costa Rica

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Roberto Esquivel of Oller Abogados. Roberto has joined IR as our exclusive Administrative Law member in Costa Rica. Roberto is Partner and Director of the Public Law practice group at Oller Abogados. He has ample experience in procurement and public contracting, […]

Roberto EsquivelPartner and Director, Oller Abogados

Updated PPP Loan Forgiveness Applications Released

The Small Business Administration (SBA), and the Treasury Department have published updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms, including a one-page form that borrowers who received no more than $150,000 can use to apply for forgiveness. The newly released form, called the PPP Loan Forgiveness Application Form 3508S, can be used by […]

Robert L. PiosoFounder, Rich Coast Accounting

New Covid-19 Relief Bill Signed Into Law

On December 27, President Trump signed into law the COVID-19 relief bill that was passed by Congress on December 21, 2020. The legislation, the Consolidated Appropriations Act, 2021, extends weekly benefits for unemployed workers, and provides more than $300 billion in aid for small businesses. It also ensures tax deductibility for business expenses paid with […]

Robert L. PiosoFounder, Rich Coast Accounting

New Law Permits Deduction Of Ppp Expenses

The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, specifies that business expenses paid with forgiven PPP loans are tax-deductible. This supersedes previous IRS guidance which stated that these expenses could not be deducted. The Appropriations Act clarifies that “no deduction shall be denied, no tax attribute shall be reduced, and no […]

Robert L. PiosoFounder, Rich Coast Accounting

New Round Of Stimulus Payments Authorized

The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, directs the Department of the Treasury to deliver additional Economic Impact Payments (known more popularly as “stimulus payments”) to U.S. citizens and residents. These payments are generally $600 for singles and $1,200 for married couples filing a joint return. In addition, […]

Robert L. PiosoFounder, Rich Coast Accounting