Tag: economic relief

Procedures for Change of Ownership for PPP Borrowers
SBA Releases Guidance Regarding Ownership Changes Among PPP Borrowers

On October 2, the SBA issued a Procedural Notice to address required procedures for changes…

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PPP Changes from SBA
SBA Changes PPP Forgiveness Rules for 5% Owner-Employees of Corporations & for Certain Nonpayroll Costs

The SBA issued an Interim Final Rule that sets a de minimis rule for Paycheck Protection…

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Payroll Tax Deferral FAQs
IRS Adds New FAQs on CARES Act Payroll Tax Deferrals

The IRS recently added numerous frequently asked questions (FAQs) on the payroll tax deferrals under the Coronavirus…

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Main Street Lending Updates
Main Street Lending Program Updates, Compensation Restrictions

The Main Street Lending Program will now begin purchases of 95% participation stakes in eligible…

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Employee Retention Credit FAQ
FAQ Updates for Employee Retention Credit & Payroll Tax Deferrals

The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC)…

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PPP Borrowers: Five Steps
Five Things PPP Borrowers Need to Do Now

Borrowers of PPP loans should consider taking the following steps to maximize the amount and…

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Simplified Paycheck Protection Loan Forgiveness
Paycheck Protection Program Loan Forgiveness Simplified

Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the CARES Act…

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Dallas City Skyline
Main Street Lending Program Opening, Terms for Nonprofits Released

The Federal Reserve Bank of Boston announced that the Main Street Lending Program is OPEN…

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Main Street Lending Program
Expansion of the Main Street Lending Program

The Federal Reserve released revised term sheets for its Main Street Lending Program (MSLP), ahead…

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Signing Document
Changes Coming to PPP Loan Periods & Forgiveness

A new PPP bill is expected to pass that will extend covered periods and forgiveness…

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