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
Partner Compensation Is Now Included in Latest SBA Update, Partnerships May Be Eligible to Increase Their PPP Loan
On May 13, 2020, the SBA released an Interim Final Rule (IFR) on Loan Increases relating specifically to compensation of partners in... Read More
Good News on Good-Faith Certification, SBA Clarifies Guidance for PPP Loans Under $2M
On May 13th, the Small Business Administration (SBA) issued new guidance that provides much needed clarity around the “good faith” certification for... Read More
Fed Expands Scope of Main Street Lending Program, Here is Your Guide
On April 30th, The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending... Read More
SBA Opens Round 2 of PPP Applications, New Law Adds Funding for Both PPP and EIDL Loans.
An additional $310 billion Paycheck Protection Program funding is now available, and the Small Business Administration will resume accepting PPP loan applications... Read More
Paycheck Protection Program Update | Applications Now Available
On April 3, the Paycheck Protection Program (PPP) link to apply is live.Resources and applications are now available on the U.S. Small... Read More
New PPP Guidance Issued by SBA for Self-Employed Individuals, Form 1040, Schedule C
The Paycheck Protection Program (PPP) opened for independent contractors, sole proprietorships, and self-employed individuals on April 10. Just like other businesses, if... Read More
How Does the PPP Loan Forgiveness Work? Our Proactive Guide for Borrowers
The Paycheck Protection Program (PPP) is a loan designed for employers to keep their employees working. It has been fast-tracked through Congress... Read More
Main Street Business Lending Program – Fed, Treasury Launch $600 Billion Relief Effort for Small to Mid-sized Businesses
On April 9, the Federal Reserve announced additional actions it will take to provide up to $2.3 trillion, including as much as... Read More