Executive Order Signed August 8th

On Saturday, President Trump signed an Executive order regarding a deferral for employee and employer Social Security tax. While these are not yet…

The SBA issues FAQs Regarding Loan Forgiveness

On Tuesday the Small Business Administration released a sheet of FAQs regarding PPP Loan Forgiveness. The FAQs are very detailed and provide much needed…

Senate Releases COVID-19 Relief Proposal

As always, we’re keeping you abreast of the all the updates coming out of Washington regarding COVID-19 relief and PPP. After much anticipation, the…

SBA and Department of Treasury Release New Loan Forgiveness Applications

The PPP Flexibility Act (PPPFA) was signed into law by President Trump on January 5, 2020.   Today the SBA and Department of Treasury have announced the…

New PPP Loan Report & Legislative Update

As promised, below you will find instructions for Phase 2 of the PPP Loan Forgiveness Report.   Additionally, Trump just signed into law the PPP…

House Votes to Loosen Restrictions on PPP Loan Forgiveness

The House voted 417-1 to allow more flexibility for the Paycheck Protection Program loan forgiveness.  The Senate is expected to vote on the bill next…

SBA Clarifies Rules for PPP Loan Forgiveness

The SBA has finally released the detailed PPP Loan Forgiveness Application.  You can find the SBA Application here. Below are some clarifications and…

SBA Publishes New Guidance Regarding Certifications of Necessity for PPP Loans

SBA Clarifies Today that Employers with Less Than 2 Million Will be Deemed to have Made a Good Faith Certification for the Necessity of the Loan.

Employee Retention Tax Credit FAQs

If you’re considering the Employee Retention Tax Credits under the CARES Act, we recommend reviewing the newly released FAQS from the IRS, specifically…