COVID-19
COVID-19 News & Updates
MBK will remain vigilant to do our part while we collectively navigate this global health challenge.
Meyers Brothers Kalicka, P.C. continues to monitor the rapidly changing situation as it relates to the COVID-19 and is taking several precautions related to the health, safety and well-being of our clients and employees; which is of the highest importance to us.
We Have:
- Encouraged all employees to stay home if feeling sick
- Restricted non-essential travel of our employees to affected areas
- Communicated appropriate hygiene etiquette
- Increased our office cleaning
- Suggested limiting physical contact through handshakes etc.
- Implemented a 6 ft. rule when communicating in the office
- Encouraged all clients to conduct appointments remotely
- Implemented a temporary telecommuting option for our professionals
- MBK has invested appropriately in technology and process to make remote-work seamless and efficient for all. If you have any questions, please do not hesitate to reach out directly to your Partner. Please be assured that we have contingency plans in place utilizing remote work that will allow us to provide you with uninterrupted service.
You have access to send and receive documents via our Client Portal. If you need assistance, please call (413) 533-8510 or email reception@mbkcpa.com
COVID-19 Accounting Resource Articles
On February 13, 2024, the IRS issued IR 2024-39 to share warning signs that an ERC (Employee Retention Credit) claim may be questionable warranting further investigation. It is urging taxpayers to revisit their claims and, if questionable, take advantage of its ERC Voluntary Disclosure Program or claim withdrawal process.
Whether an Employer Experienced a Full or Partial Suspension of the Operation of a
Trade or Business under Section 2301 of the Coronavirus Aid, Relief, and Economic
Security Act or Section 3134 of the Internal Revenue Code due to a Supply Chain
Disruption
The IRS has released three revenue procedures addressing the tax effects when a Paycheck Protection Program (PPP) loan is forgiven.
Potential Impacts of the Vaccine and Testing Mandate to Employers in Massachusetts. The impact on businesses in Western Mass and everywhere is substantial. If you have questions about how to plan for the financial impact of this mandate, contact our office.
While the COVID-19 relief provisions, as part of the CARES Act, provided a lifeline for many medical, dental, and other healthcare-related practices during the pandemic, that support was not without certain compliance requirements and reporting, which we will dive into within this article.
You should evaluate whether your PPP loan forgiveness application is due soon and apply on time to avoid any unnecessary costs regarding your PPP loan. If you have any questions or need assistance with your PPP loan forgiveness application, contact MBK in Holyoke, MA.
Over the past year, businesses have endured hardships that have proved to be anything but ordinary. The COVID-19 pandemic has brought on unexpected challenges and led to difficult decisions and constant setbacks that made growth seem nearly impossible for businesses. With the new year being in full swing, there is hope businesses will return to normal operation and growth.
The COVID-19 pandemic created an unprecedented need for funding — and grant makers and donors stepped up. In 2020, corporations, foundations, public charities and high-net-worth individuals awarded more than $20 billion to address the social, health and economic effects of COVID-19 globally. That’s just one of the findings in a new report covered in this article. A sidebar spotlights the popularity of recurring giving programs during the crisis.
At the start of the COVID pandemic in the early parts of 2020, the concern of business survival was the number one thought of countless business, with each industry having its own struggles. The medical industry was not without its own real concerns at that time, particularly given its role in the pandemic fight. People would continue to get sick, require treatment and see their physicians, but how could it be done safely?
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