BLS Insights

Category: COVID-19

COVID-19 Update: Extended Filing & Payment Deadlines and Net Operating Loss Guidance

April 10, 2020

IRS Notice 2020-23 – Extended Time to File and Pay Taxes<   Yesterday, the IRS released Notice 2020-23 which vastly broadens the scope of tax returns and tax payments originally due … Continued

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COVID-19 Update: New Rules for Taking Hardship Distributions and Loans from Qualified Plans and IRAs

March 30, 2020

Many Americans are taking a financial beating as a result of the COVID-19 pandemic. It’s bad enough that those with a retirement plan are seeing their retirement savings take a … Continued

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COVID-19 Update: Paycheck Protection Provisions of the CARES Act

March 27, 2020

Paycheck Protection Provisions of the Keeping Workers Paid and Employed, Health Care System Enhancement and Economic Stabilization Section – What You Need to Know After much debate, Congress passed the … Continued

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COVID-19 Update: Business Provisions of the CARES Act

March 26, 2020

Business Provisions of the Keeping Workers Paid and Employed, Health Care System Enhancement and Economic Stabilization Section – What You Need to Know Now As we mentioned in our last … Continued

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COVID-19 Relief: Single Audit Extension

March 26, 2020

On March 19, 2020, the U.S. Office of Management and Budget (OMB) released memorandum M-20-17, Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel … Continued

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COVID-19 Tax Relief: Extension to File

March 20, 2020

Posted by Jordon N. Rosen, CPA, AEP The BLS Team is actively monitoring the rapidly developing changes related to COVID-19 and will continue to provide updates as they apply to our … Continued

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COVID-19 Tax Relief: Extension to Pay

March 19, 2020

I thought I had seen it all after 42 years in practice. I was wrong. The events surrounding the Coronavirus pandemic that have changed our daily lives for the foreseeable … Continued

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