PPP first-draw forgiveness & repayment

The end of the principal and interest payment deferral period is rapidly approaching for many businesses that received first-draw loans under the Paycheck Protection Program (PPP1).  To avoid having to make payments, if you have not filed for your PPP1 forgiveness,...

Tax refund delays? Where is your money and how to track it.

The IRS is behind schedule with processing income tax returns. Some taxpayers have been waiting months to get their tax refunds due to an IRS backlog of around 35 million unprocessed returns. On top of challenges created by the pandemic, the IRS has been disbursing...

Should You Opt Out of Advance Child Tax Credit Payments?

What is the Child Tax Credit? Child tax credit payments, which were set up and expanded under the American Rescue Plan passed earlier this year, amount to $3,000 annually per child ages 6 to 17 and $3,600 annually for children under 6. When will you receive the...

Employee Retention Credit: Are You Missing Out?

The Employee Retention Credit, or ERC, is a significant tax credit enacted in 2020 under the CARES Act to help businesses keep employees on payroll during the COVID-19 pandemic. Since then, the ERC has been significantly expanded and extended for all of 2021 by the...
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PPP Round 2

PPP Round 2

Reopening of PPP Loan Program The SBA and Treasury announced that the new PPP will re-open the week of Jan. 11 with community financial institutions exclusively allowed to make first-draw...

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Important PPP Changes and Guidance

Important PPP Changes and Guidance

IMPORTANT NOTE: On January 6, 2021 the SBA issued approximately 120 pages of new regulations regarding PPP loans.  We have updated the below article on PPP Changes with significant new...

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