financial news


Stay up-to-date with Salazar CPA and all the latest financial news.

October 14, 2020

PPP Update: SBA and Treasury Announce De Minimis Exemption from Forgiveness Reduction and Simplified Forgiveness Application for Borrowers of $50,000 or Less

The Treasury Department and the Small Business Administration (SBA) have announced the release of a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 […]
September 24, 2020

IRS Says No Information Returns When PPP Loans Are Forgiven Under CARES Act

The IRS has announced that lenders who make Paycheck Protection Program (PPP) loans that are later forgiven under the Coronavirus Aid, Relief, and Economic Security Act (CARES […]
September 7, 2020

Risks vs. Benefits of Life Insurance Loans

Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments […]
August 31, 2020

As Schools Reopen, DOL Answers Paid Sick Leave/Pandemic Unemployment Eligibility Questions

The U.S. Department of Labor’s Wage and Hour Division (WHD) and Employment and Training Administration (ETA) both published guidance related to the reopening of schools. WHD […]
August 26, 2020

IRS Sent Incorrect Form 941 Failure-to-Deposit Notice

On its website, IRS has announced that it recently sent, in error, notices stating that there was a failure-to-deposit penalty applicable to Form 941, to employers that […]