Posts by Andrew Chaves

SBA Covid Loan Changes
SBA Announces Changes to COVID Disaster Loan Program

The Small Business Administration (SBA) has expanded access to critical relief funding for businesses still…

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IRS ERC Guidance
IRS Issues Additional Guidance on the Employee Retention Credit

On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for…

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PPP Loan Forgiveness Portal
SBA To Open New PPP Portal for Direct Loan Forgiveness

Beginning on August 4, 2021, borrowers with PPP loans of $150,000 or less can apply…

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California PPP loan
California: Update to Paycheck Protection Program Loan Conformity

Assembly Bill 80 (AB 80) allows qualifying taxpayers to exclude from California gross income Paycheck…

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IRS PPP
IRS Provides Safe Harbor for PPP Loan Deductions

The safe harbor applies to PPP borrowers who received first-round loans but were not able…

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erc guidance
IRS Issues Guidance for Claiming Employee Retention Credit in 2021

The IRS issued additional guidance for businesses claiming the employee retention credit for the first…

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private equity roi erc
How Private Equity Funds Can Leverage the Employee Retention Credit

Private equity funds may generate cash by claiming the recently enhanced employee retention credit (ERC)…

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Procedures for Change of Ownership for PPP Borrowers
With PPP Extension, Borrowers Should Revisit Guidelines for Ownership Changes

The SBA issued a Procedural Notice to address required procedures for changes of ownership related…

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ppp_loan_extension
Deadline Extended for PPP Loan Applications

The U.S. Senate passed legislation that provides a 60-day extension for eligible employers to apply…

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ERC_FAQS
Employee Retention Credit FAQs Released for 2020 Claims

IRS issued new FAQs describing retroactive changes to the ERC under the new law for…

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