PPP Loan Forgiveness Updates
November 3, 2020
Watch an update from Matt Thorpe and Dick Jacobs on PPP loan Forgiveness.
How Will Forgiveness of PPP Loans be Taxed?
November 3, 2020
The CARES Act provided cash to millions of small businesses during Spring, 2020 with Payroll Protection Program (PPP) loans. READ MORE
How to Record your PPP Loan Transaction
November 3, 2020
Now that the dust is starting to settle on the PPP and the application window has officially closed, it’s time to shift gears on to how to record PPP loan transactions. READ MORE
State of the Paycheck Protection Program
August 17, 2020
It’s been a while since we have chimed in on the Paycheck Protection Program (PPP). A lot of that has to do with the fact that there is still so much uncertainty around the Program and what should be done next by you, the banks, the SBA and so on. READ MORE
Forgiveness Bill Passes in Senate
June 4, 2020
Huge news yesterday for all of us swimming in the PPP pool. Yesterday, the Senate passed H.R. 7010 that will bring forth dramatic changes to the PPP. This legislation now sits on the desk of the President for his signature. READ MORE
New Guidance Regarding Your PPP Loan and Certifying Necessity
May 14, 2020
The US Treasury issued new guidance via question and answer on May 13, 2020 regarding how the SBA will deal with the good-faith certification concerning the necessity of applicant loans. READ MORE
SBA issues PPP guidance on laid-off employees who refuse to be rehired
May 4, 2020
Businesses that received Paycheck Protection Program (PPP) loans can exclude laid-off employees from loan forgiveness reduction calculations if the employees turn down a written offer to be rehired, according to new guidance from the U.S. Small Business Administration (SBA), which warned that employees who reject offers of reemployment may find themselves ineligible to continue receiving unemployment benefits. READ MORE
Paycheck Protection Program Forgiveness FAQ Video
April 21, 2020
In this video we address a number of frequently asked questions from clients. The video helps solidify what we do know and highlights what just isn’t known as of April 21, 2020 with regard to the Paycheck Protection Program and loan forgiveness.
U.S. Chamber of Commerce Foundation Save Small Business Grant
April 20, 2020
The Save Small Business Fund is a grantmaking initiative offering short-term relief for small employers in the United States and its territories. Enter your zip code to see if you qualify. READ MORE
The Small Business Owner’s Guide to the CARES Act
April 9, 2020
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. READ MORE
Paycheck Protection Program- Next Steps- Loan Forgiveness
April 9, 2020
We’re happy to hear that many of our clients have secured their Paycheck Protection Program funds. It sounds like approvals are coming in hourly. Inevitably, the next question is likely – what now? Here is what we know as of April 9, 2020. READ MORE
Preparation for the Payroll Protection Program
March 30, 2020
While we are currently awaiting further clarification from the SBA regarding the Payroll Protection Program, we are recommending that our clients gather the following documents which will likely be needed in the calculation of the loan value. READ MORE
SBA Loans & Financing Updates for Coronavirus
March 25, 2020
We are keeping abreast of financing options in order to provide our clients with next steps in these trying times. We recommend talking to your banker before making any hasty decisions to see what options are available with your current loans. READ MORE
Small Business Guidance and Loan Resources
March 20, 2020
The Small Business Administration has put out updates for COVID-19 affected businesses. READ MORE for their recommended strategies for employers.
