Tuesday, November 30, 2021

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Tag: Coronavirus Aid Relief and Economic Security Act

GOV. DANIEL J. MCKEE, left, along with Lt. Gov. Sabina Matos and Rhode Island Foundation CEO and President Neil D. Steinberg, announce Monday that $4.5 million Coronavirus Aid, Relief and Economic Security Act funds have been made available to eligible Rhode Island-based nonprofits helping on the frontlines with the COVID019 pandemic. / PBN PHOTO/JAMES BESSETTE

R.I. makes $4.5M in grants available to nonprofits fighting COVID-19

PROVIDENCE – Nonprofits on the front lines responding to the COVID-19 pandemic will be eligible for a much-needed financial boost to continue helping local...
5Q: Carlos E. Tobon
R.I. state representative, D-Pawtucket Co-chair, R.I. House of Representatives American Rescue Plan Act Task Force / PBN PHOTO/ELIZABETH GRAHAM

Five Questions With: Carlos E. Tobon

Carlos E. Tobon R.I. state representative, D-Pawtucket Co-chair, R.I. House of Representatives American Rescue Plan Act Task Force 1. What should be the primary focus of...
R.I. STATE REP. Carlos E. Tobon, D-Pawtucket, is co-chair of the House ARPA Task Force, which will have a say in how the state spends its $1.1 billion slice of the American Rescue Plan Act funding. PBN PHOTO/ELIZABETH GRAHAM

House ARPA chairman: ‘Surgical’ approach needed in spending $1.1B

Billions of federal dollars have been bestowed upon Rhode Island through COVID-19 relief funding, but a large portion of the money sits unused as...

Elorza sues Infante-Green over disputed funding for Providence schools

PROVIDENCE – Whether the city has set aside enough money for the Providence Public School District is at the center of a dispute now...

Five Questions With: Michael Garcia

Michael Garcia is a partner in the enterprise solutions group for Kahn, Litwin, Renza & Co. Ltd., a tax and accounting firm based in...

McKee standing firm on taxing PPP loans

PROVIDENCE – Gov. Daniel J. McKee is standing firm on his commitment to taxing Paycheck Protection Program loans greater than $150,000. McKee made his position...
SPANNING THE GAP: Magdalena Andreozzi, founder of Grands Flourish Inc., says many of the grandparents her organization supports lost contact when many group functions switched to online-only after the COVID-19 pandemic struck. Now Andreozzi is using a grant to get those people reconnected. / PBN PHOTO/MICHAEL SALERNO

Crisis exposes depths of the ‘digital divide’

When Magdalena Andreozzi moved workshops offered by her nonprofit online during the COVID-19 pandemic last summer, she expected some bumps in the transition. After all,...
CREDIT COUNSELOR: Michael Garcia, a partner in enterprise solutions for Kahn, Litwin, Renza & Co. Ltd., has been spending a lot of time fielding questions from clients about the Employee Retention Credit. / COURTESY KAHN, LITWIN, RENZA & CO. LTD.

Revisions boost interest in special tax credit

A $5,000-per-employee tax credit may sound like a great incentive. But the Employee Retention Credit rolled out under the Coronavirus Aid, Relief and Economic Security...
THE RHODE ISLAND FOUNDATION has awarded $5 million in Coronavirus Aid, Relief and Economic Security Act relief funds to more than 120 nonprofits across the state. / COURTESY RHODE ISLAND FOUNDATION

R.I. Foundation awards $5M in CARES Act funds to nonprofits

PROVIDENCE – The Rhode Island Foundation announced Monday that it has awarded $5 million in federal Coronavirus Aid, Relief and Economic Security Act funds...
HOLDING ON: Joseph A. Mansour Jr. is the president of Marcovich, Mansour & Capobianco LLC in Lincoln, an accounting firm that represents about 400 businesses that received Paycheck Protection Program loans. Mansour said he’s advising those clients to keep some of that money, if possible, in case they have to pay taxes on the funds in April 2021. / PBN PHOTO/MICHAEL SALERNO

Tax questions over PPP loans remain unresolved

Accountants who helped shepherd businesses through the process of obtaining federal Paycheck Protection Program loans this year are now cautioning them to not assume...

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