Category: Industry News

Dear clients and friends, Hopefully by now all of those who were in need of the PPP loan has received it. Our friends over at McCarthy Kaster CPAs have just put together this useful PDF outlining how to ensure you qualify to have the loan forgiven. Take a moment to go over it, it’s packed[…]

Dear clients and friends, The SBA has released its loan forgiveness application to be submitted to banks. Congress is discussing changes to the program and we expect that additional changes will be made to the cost certification requirements. However, as of today, this is where we stand. The pertinent details are summarized below: –    The payroll[…]

Timothy S.Y. Lam Foundation Doubles Relief Grant Fund to Support the Hospitality Community New round of grants to specifically be allocated to those in Las Vegas impacted by the COVID-19   Due to the overwhelming response of applications for the Timothy S.Y. Lam Foundation’s $500 Hospitality Relief Grant program, the Foundation has doubled its relief[…]

Las Vegas Wedding Chapel COVID Reopen Plan Under the leadership of Melody Williams of Vegas Weddings, Las Vegas wedding chapels recently got together to discuss, and ultimately lay out a plan to safely reopen weddings in Las Vegas. This week their efforts were noticed by national news and were also featured on USA Today. Read[…]

Dear clients and friends,   As you probably know, the CARES Act included stimulus payments to individuals – $1,200 per taxpayer and $500 per qualifying dependent. If the service has your banking information from previously filed tax returns, the payment has been, or will be, directly deposited to your bank account. If the service does[…]

Nevada Unemployment Newsletter In partnership with the Department of Employment, Training and Rehabilitation (DETR), the Governor’s Office will now send weekly updates with information and news regarding unemployment insurance benefits in Nevada. We appreciate your patience as we navigate through these unprecedented times, and I want you to know that we are working around the clock to ensure Nevadans are[…]

MENTORING WORKS FIND A SCORE MENTOR Government Loan Update APRIL 16, 2020 ANNOUNCEMENT Closure of EIDL Application Portal Due to limited appropriations funding, the application portal for the EIDL–COVID-19 assistance program (EIDL loans and EIDL Advances) is temporarily closed. By law, the SBA is not able to issue new loan approvals once the programs experience[…]

April 21 Webinar: Overview of EIDL + PPP Funding This webinar will feature a short presentation and Q&A opportunity with: Corey Williams, Public Information Officer, U.S. Small Business Administration Joe Amato, District Director for Nevada District Office, U.S. Small Business Administration   All small businesses are welcome. We encourage you to invite your partners to[…]

Nevada Unemployment Newsletter In partnership with the Department of Employment, Training and Rehabilitation (DETR), the Governor’s Office will now send weekly updates with information and news regarding unemployment insurance benefits in Nevada. We appreciate your patience as we navigate through these unprecedented times, and I want you to know that we are working around the clock to ensure Nevadans are[…]

A Gift from Ana Studios Ana has provided this graphic to all LVWCC members as a thoughtful way to stay in touch with your client during these sad times. If you try to place yourself in your couples shoes, this must be a very scary time, not only needing to scrap months of work and[…]

Too Small to Survive- Emergency Bailout for Small Businesses COVID19 Crisis The ladies over at Creative Bridal Wear have put together a petition calling attention to the small business owners across Las Vegas and the rest of the country that are in financial distress caused by the COVID-19 pandemic. Please take a moment to read what they’ve[…]

Dear Wish Upon A Wedding Friends, Supporters and Partners,  We hope this note finds you healthy and well in the midst of these difficult and rapidly-changing times. While we know there is a lot of concern and uncertainty out there, Wish Upon a Wedding is focusing on the good things that people are doing to[…]

Dear clients and friends,   PPP Application Documents for Lenders The American Institute of CPAs, the AICPA-led Coalition, and other key stakeholders – collectively representing 44K CPA firms, 2.5M small businesses and 30M employees – have come together to drive a common understanding and approach around the implementation of the U.S. Treasury and Small Business[…]

Dear clients and friends,   The IRS intends to begin issuing stimulus payments to individuals next week. The payments are $1,200 per individual and $500 per dependent. The payments are phased out based upon income so higher income taxpayers will receive reduced payments or no payment at all. If you filed a return for 2018[…]