RFS UPDATES
Senate Passes CARES Act | Update: March 26, 2020
The provisions of the CARES Act are starting to solidify. Key items to keep in mind: Loan amounts will be limited to 2.5 times average monthly payroll costs for prior 12 months (including salaries, commission, bonuses, health insurances, retirement payments, time-off...
Rose Financial Solutions Acquires Veraccounts to Grow Team and Client Base
ROCKVILLE, Md., March 25, 2020 – Rose Financial Solutions (RFS), The Premier U.S. Based Finance and Accounting Outsourcing Firm™, announced today that it has acquired Count Em Beans LLC, a Northern Virginia outsourced accounting firm doing business as...
CARES Act | Expedited SBA Loans and Forgiveness
The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, is expected to pass Congress soon. The act provides emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. Rose...
COVID-19 Update: Ensuring Continued Service
The novel coronavirus (COVID-19) concerns are elevating each day and we are all hopeful this health issue will be contained with a remedy in a reasonable amount of time. RFS’ number one priority is the safety and well-being of our people, clients, families, and the...
Tax Filing and Payment Deadline Update
As we announced earlier, tax payments for tax year 2019 and 2020 first quarter estimates originally due on April 15 were deferred automatically to July 15. As an update to that announcement, yesterday Treasury Secretary Steven Mnuchin sent out a tweet stating “At...
Important IRS Announcement | Filing and Payment Deadline
On Tuesday, March 17, Treasury Secretary Mnuchin announced a series of tax relief measures designed to assist taxpayers and tax preparers during the coronavirus (COVID-19) pandemic. On Wednesday, March 18, the Internal Revenue Service released Notice 2020-17 providing...
SBA Rule on Small Business Runway Extension Act Announced
Effective January 6, 2020, the U.S. Small Business Administration (SBA) will change the period of measurement for receipts-based size calculations from three years to five years. This change is the result of the Small Business Runway Extension Act of 2018 and SBA’s...
RFS CEO Ted Rose Profiled in the Washington Business Journal
Throughout the years, Rose Financial Solutions (RFS) has been a pioneer in finance and accounting outsourcing. In fact, in 1995 RFS founder, president and CEO Ted Rose coined the term “accounting outsourcing” in an article published in the Washington Business Journal....
Omar Leguizamon Rejoins RFS® as Accounting Senior
ROCKVILLE, MD, September 24, 2019 – Rose Financial Solutions (RFS®), the Premier U.S. Based Finance and Accounting Outsourcing Firm™, is proud to welcome back Omar Leguizamon to its team as an Accounting Senior. Leguizamon first joined RFS in 2015 as an Accounting...