Ted serves as partner, tax counsel, and Professional Practice Leader – Tax. As a certified public accountant and tax counsel, Ted advises exempt organizations of all sizes on a wide range of issues. This includes consulting on tax and employee benefit related matters, representation before state and federal tax authorities, and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. Ted also leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms.
July 17, 2020 - A comprehensive look at Paycheck Protection Program (PPP) loan forgiveness, including changes arising from the enactment of the Paycheck Protection Program Flexibility Act of 2020 and subsequent SBA guidance.
June 4, 2020 - The Paycheck Protection Flexibility Act of 2020 makes several important changes to the PPP loan program, including extending the minimum loan maturity and expanding the loan forgiveness Covered Period.
May 29, 2020 - This article discusses new information found in the PPP loan forgiveness interim final rules and changes to our understanding resulting from the publication of these new interim final rules.
May 18, 2020 - The SBA has released the Paycheck Protection Program Loan Forgiveness Application and accompanying schedules and instructions. Here's an overview.
May 4, 2020 - This article provides a framework for analyzing the PPP loan good faith certification requirement and how your organization can assess and document your decision to sign off on the certification during the loan application process.
April 29, 2020 - Now that Paycheck Protection Program applications are in full swing, attention is turning to other benefits provided by the CARES Act. This includes a new benefit called the Employee Retention Credit (ERC).
April 29, 2020 - U.S. Treasury Secretary Steven Mnuchin announced that the Small Business Administration will audit Paycheck Protection Program loan amounts over $2 million to verify economic need before the loans are forgiven.
April 23, 2020 - The IRS is warning employers to watch out for these common mistakes when filing Form 7200, Advance Payment of Employer Credits Due to COVID-19.
April 22, 2020 - If your nonprofit applied for and received a loan through the Paycheck Protection Program (PPP), it’s important to take immediate steps to ensure the funds are correctly handled and tracked during the next eight weeks.
April 20, 2020 - Organizations that did not receive or apply for a Paycheck Protection Program loan may be eligible to claim the benefits of the Employee Retention Credit. The IRS has provided a set of FAQs on the credit.
