The Paycheck Protection Program application deadline has officially been extended to August 8th. Under the program, the SBA had approved almost 4.9 million loans, totaling $520.6 billion....
PPP Updates and Loan Forgiveness Calculator
New PPP rules, applications and guidance are almost a daily occurrence and last week was no exception. The June 22 Interim Final Rule officially updates the language of the Final Rules to...
New Borrower-Friendly PPP Loan Forgiveness Applications and Guidance
The U.S. Small Business Administration (SBA) released a revised Paycheck Protection Program (PPP) loan forgiveness application and instructions and also unveiled a new EZ application for...
Good News for PPP Borrowers – The Paycheck Protection Flexibility Act
UPDATED: In response to the Paycheck Protection Flexibility Act, the Small Business Administration amended its rules governing the Paycheck Protection Program (PPP) to allow small...
Be alert to tax fraud
Fraudsters are on attack, using malicious email, text message and telephone scams designed to steal tax refunds and government stimulus checks being distributed to eligible individuals....
Still waiting for your stimulus check?
The delay in receiving your stimulus check could be the result of anything from the IRS scheduling the payment for later in 2020 to the agency needing additional information before it can...
PPP Loan Forgiveness Just Became Easier
Late June 3, 2020, U.S. Senate passed the House version of Paycheck Protection Flexibility Act (PPFA), which makes significant changes to loan forgiveness rules. Among the key provisions...
Adjust your expectations of business interruption coverage
A natural place to turn when disaster strikes is insurance. The very reason you pay premiums and deal with the paperwork is to have these risk management policies in place when necessary....
The CARES Act liberalizes net operating losses
The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for...