Tag: paycheck protection program
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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New Simplified Loan Forgiveness Application for Smallest PPP Borrowers
PPP borrowers with loans under $50,000 are now exempt from certain reductions in forgiveness and…
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Tax Concerns Loom for PPP Borrowers Going into Year-End
Tax concerns loom for PPP borrowers; current guidance indicates expenses related to any loan forgiveness…
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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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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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State Legislative & Administrative Reactions to the CARES Act
Some CARES Act provisions that states have decoupled from include the increased business interest expense…
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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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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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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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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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