Coronavirus Resource Center

We are here to help.

Our team is closely monitoring the regulatory updates surrounding the COVID-19 (Coronavirus) pandemic. We will continue to do all we can to disseminate that information to our clients and friends.

This page will be updated as new developments are announced. If you have a specific question on your situation, please contact your trusted Scheffel Boyle team member. We remain dedicated to helping our clients navigate these uncertain times and will use every resource available to us to best serve you.

Updates From Our Team

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U.S. Small Business Administration Awarding Funding Through the Restaurant Revitalization Funding Program

On March 11, 2021, the American Rescue Plan Act (ARPA) was announced…
Blog Header Image with the headline "IRS Extends IRA, HSA Contribution Deadline to May 17, 2021."

IRS Extends IRA, HSA Contribution Deadline to May 17, 2021

On Tuesday, March 30, the Internal Revenue Service provided another…

Individual Tax Filing Deadline Extended to May 17, 2021

On Wednesday, March 17, the U.S. Treasury Department and Internal…

President Biden Signs American Rescue Plan Act

Last Thursday, President Joe Biden signed the American Rescue…

SBA issues interim final rule revisions to PPP

The U.S. Small Business Administration recently laid out its…

House passes $1.9 trillion COVID-19 relief package

The U.S. House of Representatives passed the latest COVID-19…

Webinar Replay Now Available: Paycheck Protection Program & Employee Retention Credits

On January 27, the professionals of Scheffel Boyle CPAs explained…

Free Webinar: Paycheck Protection Program & Employee Retention Credits

Join the professionals of Scheffel Boyle CPAs as they explain…
President Trump Signs Coronavirus Relief and Government Funding Bill

President Trump Signs Coronavirus Relief and Government Funding Bill

On Sunday, December 27, President Trump signed the COVID-19 relief…
Congress Passes the Coronavirus Response and Relief Supplemental Appropriations Act of 2021

Congress Passes COVID-19 Relief Bill, Waiting on the President’s Signature

The U.S. Senate and House of Representatives passed a $900 billion…
Digital graphic that illustrates financial fraud

Fraudulent Unemployment Claims on the Rise in Illinois

Government officials throughout Illinois are urging residents…

IRS Clarifies Timing on No Deductibility of Expenses Paid with PPP Funds

The IRS yesterday released Revenue Ruling 2020-27 to clarify…

SBA Simplifies PPP Forgiveness for Loans Under $50,000

On October 8th, the Treasury and U.S. Small Business Administration…

Lenders Are Not Required to Report PPP Loan Forgiveness to IRS

On Tuesday, September 22nd, the IRS released Announcement 2020-12,…

IRS to Stop Sending Past Due Notices Due to Backlog of Unopened Mail

The Internal Revenue Service is one of many agencies still feeling…

Madison County CARES Act Relief Provides Funds for Local Businesses

Madison County will open an application process on Monday, August…

Trump Signs Executive Order Deferring Payroll Taxes

On August 8th, President Trump signed a total of four Executive…

SBA Will Start Accepting PPP Forgiveness Applications From Lenders on August 10, 2020

The Small Business Administration (SBA) has set a date of August…

Watch Out for Illinois Department of Employment Security Scams

A warning has been issued to Illinois residents regarding unemployment…

IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals

The IRS recently updated its frequently asked questions (FAQs)…

PPP Loan Application Deadline Extended 5 Weeks

With roughly $129 billion in PPP loans still available, an extension…

Keep Your Stimulus Payment Notice for Your 2020 Taxes

In mid-April, Economic Impact Payments, also known as Stimulus…

PPP Loan Forgiveness Application Updated for the Flexibility Act

On June 16th, the SBA and Treasury released the revised PPP Loan…

Main Street Lending Program Expansion

On June 8, the Federal Reserve released revised term sheets for…

COVID-19 FAQs for Financial Institutions

The COVID-19 pandemic has caused widespread disruption to business…

President Trump Signs Bill Offering Flexibility on PPP Loan Forgiveness Into Law

Today, June 5th, President Trump signed the Paycheck Protection…

IRS Increases Flexibility for Code Section 125 Cafeteria Plans Due to COVID-19

To assist with the U.S. response to the 2019 novel coronavirus…

Have You Considered the Employee Retention Credit?

If you did not receive a Paycheck Protection Program loan, you…

Senate Passes PPP Bill Offering Flexibility on Forgiveness Guidelines

On Wednesday, June 3rd, the Senate passed the Paycheck Protection…

Paycheck Protection Program Flexibility Act of 2020 Passed in the House

On Thursday, May 28th, the House passed a bill with large bipartisan…

PPP Loan Forgiveness Application and Instructions Update

On May 15th, the SBA released the PPP Loan Forgiveness Application…

Impact of the CARES Act on Financial Institutions and Specialty Finance Entities

The Coronavirus Aid, Relief, and Economic Security (CARES) Act,…

Scheffel Boyle Partners with AGCI for Webinar: PPP Loans, Tax Update, and More

We are proud to partner with the Association General Contractors…

Scheffel Boyle Partners with STL Agribusiness Club for Webinar

We are proud to partner with the St. Louis Agribusiness Club…

Scheffel Boyle Partners with SIBA for Webinar: PPP Loans, Tax Update, and More

We are proud to partner with Southern Illinois Builders Association…

FREE WEBINAR: Status of PPP Loans, Tax Credits & Deferrals, and SBA Loan Programs

Join us as our team shares their knowledge and expertise on the…

What Should You Do To Return a Stimulus Payment?

The Treasury Department announced today that stimulus checks…

IRS Notice 2020-32 & PPP Loan Updates

IRS Disallows Tax Deductions for Eligible PPP Expenditures On…

PPP Loans and the Self-Employed: Schedule C and Schedule F

SBA issued an Interim Final Rule regarding the Paycheck Protection…

How to Check the Status of Your Stimulus Check

Stimulus checks have begun hitting bank accounts. While some…

IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates, Corporations, and More

The IRS recently announced more extensions in response to the…

COVID-19 Business Relief Analysis

Within weeks, several new laws and programs offering Coronavirus…

SBA Paycheck Protection Program Offers Coronavirus Relief

The Paycheck Protection Program (PPP) is part of “The Coronavirus…

President Trump Signs the CARES Act, Sending $2.2 Trillion for Coronavirus Relief

On March 27th, 2020, President Trump signed into law the Coronavirus…

State of Illinois Extends Income Tax Filing & Payment Deadline

Governor Pritzker announced today, March 25th, that the State…

Illinois Has Not Announced Any Extended Due Dates; Federal, Missouri and Other States Have Extended Tax Deadlines

State Updates In a press release dated March 21st, 2020, Missouri…

How to Provide COVID-19 Tax-Free Disaster Payments to Your Employees

Employers are scrambling to find ways to help their employees…

Families First Coronavirus Response Act

The Families First Coronavirus Response Act, (H.R. 6201), became…

An Update From Our Team

Dear Clients and Friends, We wanted to provide you with this…

Tax Filing Deadline Extended to July 15th

Treasury Secretary Steve Mnuchin announced today that the U.S.…

Treasury Secretary Announces 90-Day Delay in Tax Payment Deadline

Treasury Secretary Steven Mnuchin announced this week that taxpayers…

A Message From Our Team

Dear Clients and Friends, As our firm continues to monitor…
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Federal Resources

SBA Disaster Assistance

SBA Coronavirus Disaster Assistance Page

IRS: Check the Status of Stimulus Payments Portal

U.S. Department of Labor Coronavirus Resources

U.S. Chamber of Commerce Coronavirus Resources

State Resources

State of Illinois Coronavirus Response

Illinois Department of Public Health (IDPH) Coronavirus Updates

Missouri Department of Health & Senior Services (DHSS) Coronavirus Updates

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We work in partnership with each of our clients, always looking out for their best interest. We don’t bring cookie-cutter processes to the table, because every business has its own circumstances and challenges. Even when we know your industry inside and out, we also know your specific business is unique. It our job to apply our expertise in accounting and finance to the nuances of your business.

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We are highly proactive in serving our clients. We believe service is respect. We never leave clients hanging, or let questions go unanswered. We know your time is valuable, and your needs are important. When you work with our team of professionals, you will know we respect your business and care about its success.

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