Dear Clients & Friends, In our last article, we promised to update readers as soon as we could in order to clarify certain ambiguities in the Paycheck Protection Program Flexibility Act (PPPFA). We were especially concerned about an apparent ‘cliff edge’ that would result in no loan forgiveness at all, if borrowers spend less than […]
Accounting News
On Friday June 5th, 2020, the Protection Program Flexibility Act (PPPFA) was signed into law, which attempts to address certain concerns from the original Paycheck Protection Program (PPP).
Dear Clients and Friends, We, at CJBS, understand the strain that debt can put on a business, even at the best of times. With many businesses now dependent on PPP loans to meet payroll costs, we know that the complex forgiveness calculation can feel overwhelming. That’s why we are on hand to help you manage […]
Dear Clients and Friends, We, at CJBS, understand the strain that debt can put on a business, even at the best of times. With many businesses now dependent on PPP loans to meet payroll costs, we know that the complex forgiveness calculation can feel overwhelming. That’s why we are on hand to help you manage […]
In recent weeks, we’ve heard a lot about the need to protect “essential businesses” as they are defined by the federal government. At CJBS, all of our clients are essential businesses, because every business is essential to the employees who depend on it to meet their basic needs.
The Treasury Department and IRS have announced that distribution of economic impact payments, made as part of the CARES Act, will begin in the next three weeks and will be distributed automatically, with no action required for most people.