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Tag: Coronavirus Aid Relief and Economic Security Act

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...
RHODE ISLAND has been allocated another $7.6 million in Community Development Block Grants to address impacts of the COVID-19 pandemic. / AP FILE PHOTO/SUSAN WALSH

R.I. receives additional $7.6M in CDBG funds tied to pandemic

PROVIDENCE – Rhode Island has been allocated an additional $7.6 million in Community Development Block Grants from the Coronavirus Aid, Relief and Economic Security...
TOUGH BALANCE: Elizabeth Bentley, a single mother who lives in a rented house in Jamestown with two of her children, says it’s been difficult balancing jobs as a server at two different restaurants and paying her rent on time. She normally has a third job in home health care but was told by her manager not to return due to a high risk of exposure to COVID-19 while working in restaurants. / PBN PHOTO/ELIZABETH GRAHAM

EVICTION DILEMMA: Both tenants, small landlords vulnerable as crisis...

Ilanna Ball isn’t exactly a real estate tycoon – she owns two triple-deckers, a few other multifamily houses and manages another 45 rental properties...
RHODE ISLAND was allocated $8.2 million in federal funds for child care assistance for essential workers in the state. /AP FILE PHOTO/SUSAN WALSH

R.I. gets $8.2M from feds for child care assistance for essential...

PROVIDENCE – Rhode Island will receive $8.2 million in federal funds for child care assistance for essential workers during the COVID-19 pandemic, Sen. Jack...
RHODE ISLAND has been allocated $5.4 million in federal funds for testing and contact tracing. / AP FILE PHOTO/JULIO CORTEZ

R.I. receives $5.4M for testing and contact tracing

PROVIDENCE – Rhode Island has received $5.4 million in federal funds for testing and contact-tracing efforts related to the COVID-19 pandemic, the state's congressional...
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