Fust Charles Chambers on Facebook Fust Charles Chambers on LinkedIn Fust Charles Chambers on Twitter

News

Monday, July 13, 2020

IRS UPDATES FAQS ON CARES ACT EMPLOYEE RETENTION CREDITS AND PAYROLL TAX DEFERRALS

Share

The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC) and payroll tax deferrals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). These provisions encourage businesses to keep employees on their payroll during the COVID-19 global pandemic. Although the FAQs cannot be relied upon as legal […]

Read More »

Tuesday, June 23, 2020

FCC Announces New Healthcare Consulting Company!

Share

Our Firm has formed a new healthcare consulting company called Microscope.  Microscope is comprised of seasoned healthcare professionals that bring a variety of multi-disciplinary skills (all in one place) to assist healthcare systems, hospitals, continuing care providers and physician practices achieve their strategic objectives. Microscope is a unique healthcare consultancy company that focuses on the […]

Read More »

Friday, June 12, 2020

COVID-19 FAQs: NONPROFIT & EDUCATION

Share

The global pandemic is having widespread impact on all facets of business. In the nonprofit and education industries, organizations are adjusting to the remote working world while, at the same time, seeking to assist companies in other industries as they transition and respond to the crisis. Here are some of the most frequently asked questions […]

Read More »

Friday, June 12, 2020

COVID-19 FAQs: MANUFACTURING

Share

The COVID-19 global pandemic is having a widespread impact on all facets of business. In the manufacturing industry, manufacturers are contending with mandatory shutdowns, supply chain disruptions, workplace safety concerns and long-term economic uncertainty. Here are some of the most frequently asked questions and resources to help manufacturers in their immediate response and planning.   […]

Read More »

Friday, June 12, 2020

COVID-19 FAQs: HEALTHCARE

Share

As COVID-19 continues to disrupt our communities, businesses and the larger economy, leaders across all industries are working around the clock to understand the full scope of the impact to their organization and devise a plan for moving forward in a rapidly changing environment. To help you navigate healthcare’s new reality, we’ve compiled frequently asked […]

Read More »

Friday, June 12, 2020

More flexibility for paycheck protection program loan forgiveness and payroll tax deferral

Share

The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) (PPP Flexibility Act), enacted on June 5, 2020, makes welcome changes to the forgiveness rules for Paycheck Protection Program (PPP) loans made to small businesses in response to the novel coronavirus global pandemic (COVID-19). The PPP Flexibility Act greatly increases the likelihood that a large percentage […]

Read More »

Wednesday, June 3, 2020

Family Business Tax-Saving Moves in the COVID-19 Era

Share

Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there’s a silver lining: Proactive tax planning can help your family business take advantage of potential opportunities in the COVID-19 era. Here are some tax-smart ideas to consider.   Consider Taking Bonus Depreciation for Qualified Expenditures To survive and possibly even thrive […]

Read More »

Wednesday, June 3, 2020

How to Plan for a PPP Audit

Share

The Small Business Administrator Jovita Carranzaand U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well […]

Read More »

Thursday, May 21, 2020

Global Fraud Epidemic: How to Keep Your Organization Safe

Share

Could your organization be the next victim of fraud in an increasingly tense global marketplace? No one wants to believe that their trusted employees would steal assets or manipulate financial information for criminal purposes. But fraud is more common — and costly — than you might think, especially for smaller organizations. Small Organizations, Big Risks The Report […]

Read More »

Friday, May 15, 2020

SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

Share

WASHINGTON—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES […]

Read More »