IMPORTANT NOTE: The SBA and the Treasury Department have released the eagerly awaited Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions. The...
PPP Loan Forgiveness Q&A
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Main Street Lending Program
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The Fed’s Main Street Lending Program Updates
The Federal Reserve Board recently announced changes to its new ‘Main Street Lending Program’ (MSLP), created to help small to medium-sized businesses that need access to cash because of...
SBA PPP Loans: IRS Issues Guidance on the Ability to Deduct Forgiven Expenses
The rules and guidance regarding the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) loans authorized in the Coronavirus Aid, Relief, and Economic Security Act...
PPP and EIDL Loan Programs On Hold. What’s Next?
IMPORTANT NOTE: The PPP and EIDL programs are now replenished for round two. We encourage all eligible small businesses to apply now through their financial institution or through an...
Using your financial statements during an economic crisis
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information...
Relief from not making employment tax deposits due to COVID-19 tax credits
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in...
The Fed’s Main Street Lending Program: Who’s Eligible?
Questions and Answers on the central bank’s $600 billion direct-loan program The Federal Reserve announced the creation of new lending programs to help businesses that need access to cash...
CARES Act offers new hope for cash-strapped nonprofits
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your not-for-profit...
Surviving the COVID-19 crisis: A not-for-profit action plan
Although many not-for-profits have been hurt by the coronavirus (COVID-19) pandemic, your organization’s specific challenges likely depend on your mission, constituency and other factors....