Edition #7
March 27, 2020
HSC COVID-19 Fast Response Team
We are here to help!

In these uncertain times with multimedia channels reporting conflicting and sometimes incorrect information, our firm is working to add clarity to this situation by providing new and verified information as it becomes available to us. We have also set up a Coronavirus Resource Center on our website for ongoing information. 

In addition, we have created the HSC COVID-19 Fast Response Team to serve our clients in addressing the difficult decisions they are being faced with on a daily basis. This dedicated multi-disciplinary team consists of our tax, payroll, HR, capital markets and accounting professionals. 

If you have questions or would like to speak with this team please contact your HSC team member or Kyle Wininger, CPA, CICA, CVA, CFE at kwininger@hsccpa.com
CARES Act Passes The House - Breaking News

Congress Reaches Agreement On A Coronavirus Relief Package: Tax Aspects Of The CARES Act.  Congress has agreed in principle to a $2 trillion relief package. What tax benefits does it offer individuals and businesses?

Read about the CARES Act in Forbes. Additional information about the forgivable SBA 7(a) loans can be found in this original article

For more information,on the tax provisions contact Mike Vogel mvogel@hsccpa.com, on the SBA loan information contact Scott Touro at stouro@hsccpa.com.
DOL Released Additional Guidance on Interpretation of Families First Coronavirus Act 

The U.S. Department of Labor will  continue to provide compliance assistance to employers and employees in the form of Frequently Asked Questions on their responsibilities and rights under the FFCRA. 

These required posters issued by the Department of Labor are required to be posted.

Click here to read about the Families First Coronavirus Response Act and to obtain some helpful flowcharts regarding the Act.

INDOT Extends Prequalification Reports for 
60 Days

These are unprecedented times and the Prequalification Division will be as flexible as possible with regard to the submission of Statements of Experience and Financial Condition.
Certificates of Qualification are also included in the Governor's 60 day extension of state licenses, announced yesterday. If you need such an extension, please submit a request in writing. Such requests should be emailed as an attachment to the following recipients: Aggie Wagoner, Jose Murillo, and Chris Serak. Even if you are unable to make a request in writing due to Covid-19, INDOT will not allow your certificate to expire.
Please note that INDOT is still accepting applications and processing them as normal while virus-related measures are in affect. 
While Covid-19 related restrictions are in place, the Prequalification Division will be working 100% remotely. As such, they will be sending out certificates of qualification by email, to the address listed on the first page of the company's Statement. Original certificates of qualification will not be mailed during this time. 

For more information or for any questions, please contact Paul Esche, CPA, CCIFP CCA  at pesche@hsccpa.com.
Indiana Unemployment Updates

The Indiana Department of Workforce Development has issued guidance in regards to unemployment benefits. Please view this Frequently Asked Questions Sheet  for more information.

For more information or for any questions, please contact Jamie Fairchild  at jfairchild@hsccpa.com.
Kentucky Extensions of Tax and Fee Deadlines by  Jurisdiction

Jurisdictions across Kentucky are extending their filing dates on taxes and fees. To see a full list that is being updated by the KYCPA click here

For more information or for any questions, please contact John Rittichier, CPA  at jrittichier@hsccpa.com.
COVID-19 Response Grant Applications  Available

Hosted by the Community Foundation of Southern Indiana, the Disaster Relief - COVID-19 Response Fund will award one-time grants on a rolling basis to non-profits whose operations in support of seniors, children, immigrants, workers and other vulnerable populations have been stressed by the outbreak.  The Fund is designed to be adaptable in its goals and focus, which will evolve as community members and nonprofits in our region share their needs. 

For more information and to register click here.
RSM Coronavirus Webcasts

RSM Coronavirus Webcast Series

RSM has launched a weekly webcast series on issues related to the Coronavirus. The webcasts are approximately one hour, each Wednesday at 1:00 p.m. EDT.

Dates and times are below:
Wednesday, April 1, 2020 - 1:00 p.m EDTmust have been 
Wednesday, April 8, 2020 - 1:00 p.m. EDT

Free webcast, no CPE will be provided. 

Click here to register.
Keeping Other Members of Your Team Informed

If you would like other members of your team to begin receiving this communication, please forward to each individual and they can subscribe here or email Leslie Wight at lwight@hsccpa.com and she will add them to the communications.

Disclaimer: The information contained in this email is for general guidance on matters of interest only. The publication does not, and is not, intended to provide legal, tax or accounting advice.  
Internal Revenue Service rules require us to inform you that this communication may be deemed a solicitation to provide tax services. This communication is being sent to individuals who have subscribed to receive it or who we believe would have an interest in the topics discussed.  

RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each are separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firm
s of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSMâ„¢ logo is used under license by RSM US LLP. RSM US Alliance products and services arproprietary to RSM U S LLP.
Harding, Shymanski & Company, P.S.C.
800.880.7800 | info@hsccpa.com  | www.hsccpa.com