While many small businesses have already gone through the process of applying for a PPP loan, some lenders are pushing back to have all companies, including PEO clients, provide a...
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On December 27, 2020, President Trump signed into law another coronavirus relief act (the Consolidated Appropriations Act, 2021) to help businesses through the COVID-19 pandemic. This Act, among other things,...
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On October 8, the Small Business Administration (SBA) released an amended application (Form 3508S) for eligible business owners seeking forgiveness from their Paycheck Protection Program (PPP) loan. This simplified form...
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Two separate pieces of legislation with the word “deferral” have been passed in the last six months to provide more cash flow during the pandemic. While one is for employers...
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On Saturday, August 8, 2020, President Trump issued an executive memorandum for an employee payroll tax deferral that would allow Social Security tax withholdings and payments be postponed until 2021...
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Update: On June 17, 2020, the SBA released two “borrower-friendly” updates to the PPP loan forgiveness application to reflect changes made to the program by the PPP Flexibility Act. See...
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Update: On June 17, 2020, the SBA released two “borrower-friendly” updates to the PPP loan forgiveness application to reflect changes made to the program by the PPP Flexibility Act. See...
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Updated April 7, 2020 The SBA, in consultation with the Department of Treasury, created a list of FAQs published on April 7, 2020 to clarify borrower and lender questions concerning the...
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The SBA Paycheck Protection Program (PPP) seems to be the most attractive option for small businesses experiencing hardship created by the Coronavirus. Due to the rushed legislation, there has been...
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*Please note: subsequent COVID-relief legislation has made some of the content in this article no longer applicable. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into...
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