SBA Releases New PPP Guidance, Frequently Asked Questions on Loan Forgiveness
On August 4th, further guidance was released regarding the forgiveness of Paycheck Protection Program (PPP) loans. The U.S. Small Business Administration (SBA),... Read More
Disaster Loans Available for MN Businesses, Non-Profits & Residents Affected by Civil Unrest
The SBA has just made available low-interest disaster loans for Minnesota businesses, non-profits and residents who were affected by civil unrest on... Read More
PPP Loan Forgiveness Application Portal to Open August 10, PPP Lenders Get Ready
The SBA has released a procedural notice covering details on how lenders can submit Paycheck Protection Program loan forgiveness applications/decisions and how... Read More
1031 Exchanges – Proposed Regulations on the Definition of Real Property Released
The Tax Cuts and Jobs Act (TCJA) revised what qualifies for 1031 exchange treatment as items of real property only. With this... Read More
SBA Reopens EIDL Small Business Portal, PPP Funds Still Available
The Small Business Association (SBA) has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal. On June 15, The... Read More
SBA Clarifies Loan Forgiveness Rules Under PPP Flexibility Act, New Applications
An Interim Final Rule was issued by the Small Business Administration (SBA) that seeks to clarify various areas of the Paycheck Protection... Read More
Fed Lowers Minimum Loan Size for Main Street Lending Program, Better Terms for Small to Mid Sized Businesses
On June 8th, The Federal Reserve Board announced changes to the Main Street Lending Program (MSLP), which was designed to help credit... Read More
Senate Passes Paycheck Protection Program Fix, Loan Period Extends to 24 Weeks
On June 3, The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation, tripling the time allotted for small... Read More
WFH Deductions? Unemployment Benefits Taxable? Stocks, IRAs, and Donations? Answers to COVID-19 Tax Questions.
The COVID-19 pandemic has a far reaching impact. It’s no wonder that with everything going on there still remains some unanswered questions.... Read More
SBA Releases PPP Loan Forgiveness Application, Here’s What You Need to Know
The U.S. Small Business Administration (SBA) and Treasury Department recently released a sample PPP Loan Forgiveness Application that answers many of the... Read More