COVID-19 Resource Center

Stimulus Relief for Healthcare Providers to start Friday April 10th

On Friday, April 10, 2020, the Department of Health and Human Services (HHS) implemented relief targeted to healthcare providers and hospitals. This relief was part of the record stimulus deal that Congress passed in response to the COVID-19 pandemic, The…

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The IRS extends additional tax deadlines to cover estimated tax payments due June 15, 2020 and other returns applicable to individuals, trusts, estates, corporations and others

On Thursday, April 9, 2020, the Department of Treasury and the Internal Revenue Service announced the extension of additional key tax deadlines for individuals and businesses. IRS Notice 2020-23 expanded deadline relief to generally apply to all taxpayers that have…

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Increased Cash Flow for Healthcare Providers

NOTICE – As of April 26, 2020, the Centers for Medicare and Medicaid Services (CMS) has announced that it will make changes to this program.  More information can be found here: https://www.cms.gov/files/document/accelerated-and-advanced-payments-fact-sheet.pdf. Congress provided relief for Americans, businesses, and healthcare…

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The Case for Roth Conversions

At KHA, we tend to look for opportunities that can be found in challenges. With the COVID-19 crisis, we ask, “What can we learn from this situation or how can we improve our current circumstances?” The values of most retirement…

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Business and Individual Retirement Plans and the Impact of the CARES Act

On Friday, March 27, 2020 the United States government implemented legislation that provided comprehensive relief to America in what is otherwise known as the CARES Act. The CARES Act included loans and payroll credits to businesses, cash to individuals, and…

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Updated Paycheck Protection Program (PPP) Guidance Provided by the Small Business Administration

NOTICE – As of April 2, 3, and 6, the Treasury Department has posted further details relating to this program. The latest information can be found here. Interim Final Rule: Business Loan Program Temporary Changes; Paycheck Protection Program On Thursday…

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Texas Extends the Texas Franchise Tax Deadline to July 15

In a response to the COVID-19 pandemic, the Texas Comptroller has extended the due date for 2020 franchise tax reports and payments to July 15, 2020. This automatic extension, which requires no additional forms, applies to all franchise taxpayers. This…

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Important Information for Owners of Real Estate

Coronavirus Economic Stabilization Act of 2020 Title IV of the CARES Act is intended to aid the severely distressed sectors of the U.S. Economy.  For example, there is language written to support aviation workers and community banks.  Also included in…

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Labor Provisions found within the CARES Act

The Key Labor and Other Provisions highlighted herein include key changes made to the Families First Coronavirus Response Act, federal authority extensions to the Department of Labor, hiring flexibility for certain federal agencies, and protection for renters. Additional installments will…

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Payroll Tax Provisions for Businesses in the CARES Act

NOTICE – As of April 1, the IRS has posted frequently asked questions that will answer some details not known at the time of this article.  For additional information, please visit the IRS website, click here These payroll tax provisions…

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