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SBA Releases Updates On PPP Forgiveness
This week, the Small Business Administration (SBA) and the U.S. Department of the Treasury released new information for recipients of loans through...
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Covid-19 (2)
Senate Passes Paycheck Protection Flexibility Act
On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This new legislation makes key adjustments to...
FASB Announces Further Delays of Revenue Recognition and Leases Standards
Following last month’s proposal to defer the effective date of two standards for private companies and nonprofit organizations, the Financial...
SBA Releases Application for PPP Loan Forgiveness
On Friday, May 15, the Small Business Administration (SBA) announced an important release for borrowers who received loans through the Paycheck...
New SBA Guidance Regarding Loan Increases for Partnerships, Seasonal Employers
On May 13, the Small Business Administration (SBA) released new guidance regarding the Paycheck Protection Program (PPP), Business Loan Program...
Is My PPP Loan Still Forgivable if My Employees Refuse to Come Back to Work?
The Paycheck Protection Program (PPP) is a loan initiative created by the CARES Act that targets aid to small businesses dealing with losses...
SBA Releases Additional PPP FAQ Questions
On May 3rd, the Small Business Administration (SBA) issued a new round of guidance regarding the Paycheck Protection Program (PPP). They addressed...
Guidance on Calculating Maximum PPP Loan Amounts
On Friday, April 24, the Small Business Administration (SBA) released additional guidance regarding how various types of businesses should calculate...
IRS Updates FAQ on Employee Retention Credit
On April 29, the Internal Revenue Service (IRS) released a large expansion of their FAQ on the Employee Retention Credit (ERC).
Should You Return Your PPP Loan?
You have probably read in the news about the backlash that some public companies have experienced as a result of accepting loans through the Paycheck...
IRS Releases Notice Regarding Tax Deductions and PPP Loan Funds
On Thursday, April 30, the IRS released Notice 2020-32. The announcement effectively disallows a tax deduction for any expenses that are paid with...
Guidance on Calculating Maximum PPP Loan Amounts
On Friday, April 24, the Small Business Administration (SBA) released additional guidance regarding how various types of businesses should calculate...