--- title: blog | Covid-19 (2) description: Covid-19 | (2) --- [Skip to the main content.](https://scottandco.com/blog/tag/covid-19/page/2#main-content) - [Pay Online](https://secure.cpacharge.com/pages/scottandco/payments) - [Newsletter Sign Up](https://scottandco.com/newsletter-sign-up/) - [ShareFile](https://scottandco.sharefile.com/) [![Logo with Tagline in Color (No Website Address) - TGP](https://scottandco.com/hs-fs/hubfs/Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg?width=3558&height=1110&name=Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg "Logo with Tagline in Color (No Website Address) - TGP")](https://scottandco.com/) [![Logo with Tagline in Color (No Website Address) - TGP](https://scottandco.com/hs-fs/hubfs/Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg?width=3558&height=1110&name=Logo%20with%20Tagline%20in%20Color%20(No%20Website%20Address)%20-%20TGP.jpg "Logo with Tagline in Color (No Website Address) - 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[Hospitality, Restaurants, and Retail](https://scottandco.com/industries/retail) - [Manufacturing and Distribution](https://scottandco.com/industries/manufacturing) - [Medical](https://scottandco.com/industries/medical) - [Nonprofit](https://scottandco.com/industries/non-profit) - [Professional and Business Services](https://scottandco.com/industries/professional-services) - [Real Estate](https://scottandco.com/industries/real-estate) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) # Insights ### Covid-19 (2) #### [SBA Releases Updates On PPP Forgiveness](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/sba-releases-updates-on-ppp-forgiveness) #### [Senate Passes Paycheck Protection Flexibility Act](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/senate-passes-paycheck-protection-flexibility-act) #### [FASB Announces Further Delays of Revenue Recognition and Leases Standards](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/fasb-announces-further-delays-of-revenue-recognition-and-leases-standards) #### [SBA Releases Application for PPP Loan Forgiveness](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/sba-releases-application-for-ppp-loan-forgiveness) #### [New SBA Guidance Regarding Loan Increases for Partnerships, Seasonal Employers](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/new-sba-guidance-regarding-loan-increases-for-partnerships-seasonal-employers) #### [Is My PPP Loan Still Forgivable if My Employees Refuse to Come Back to Work?](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/is-my-ppp-loan-still-forgivable-if-my-employees-refuse-to-come-back-to-work) #### [SBA Releases Additional PPP FAQ Questions](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/sba-releases-additional-ppp-faq-questions) #### [Guidance on Calculating Maximum PPP Loan Amounts](https://scottandco.com/blog/covid-19/guidance-on-calculating-maximum-ppp-loan-amounts-2) On Friday, April 24, the Small Business Administration (SBA) released additional guidance regarding how various types of businesses should calculate... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/guidance-on-calculating-maximum-ppp-loan-amounts-2) #### [IRS Updates FAQ on Employee Retention Credit](https://scottandco.com/blog/covid-19/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). [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/irs-updates-faq-on-employee-retention-credit) #### [Should You Return Your PPP Loan?](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/should-you-return-your-ppp-loan) #### [IRS Releases Notice Regarding Tax Deductions and PPP Loan Funds](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/irs-releases-notice-regarding-tax-deductions-and-ppp-loan-funds) #### [Guidance on Calculating Maximum PPP Loan Amounts](https://scottandco.com/blog/covid-19/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... [Covid-19](https://scottandco.com/blog/tag/covid-19) [Read More](https://scottandco.com/blog/covid-19/guidance-on-calculating-maximum-ppp-loan-amounts) [Prev](https://scottandco.com/blog/tag/covid-19/page/1) [1](https://scottandco.com/blog/tag/covid-19/page/1) [2](https://scottandco.com/blog/tag/covid-19/page/2) [3](https://scottandco.com/blog/tag/covid-19/page/3) [Next](https://scottandco.com/blog/tag/covid-19/page/3) ![Scott Logo with Tagline - FINAL-ReversedText](https://scottandco.com/hs-fs/hubfs/Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png?width=300&height=92&name=Scott%20Logo%20with%20Tagline%20-%20FINAL-ReversedText.png)   ##### Quick Links Quick Links - [About](https://scottandco.com/about) - [Services](https://scottandco.com/services) - [Industries](https://scottandco.com/industries) - [Insights](https://scottandco.com/blog) - [Careers](https://scottandco.com/careers) ![SCBIZ BPTW logo 2026](https://scottandco.com/hs-fs/hubfs/SCBIZ%20BPTW%20logo%202026.png?width=150&height=158&name=SCBIZ%20BPTW%20logo%202026.png) Proud to be named a South Carolina 2026 Best Places to Work—our 12th year on this prestigious list. 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