April 15th Deadline Postponement Details

The IRS has provided additional details regarding the April 15th tax deadline postponement. Read a summary from the AICPA here.

 

PPP Extension Passes

Also the House and Senate have passed and President Biden has signed an extension to the PPP program. The extension extends the PPP application deadline from March 31, 2021 to May 31, 2021 and gives additional processing time until June 30, 2021 for applications that have been submitted but not fully processed by May, 31, 2021. Read a summary from the AICPA here.