Last summer, we wrote about the importance of keeping employees safe during the pandemic, both for their sake and to protect your business from possible litigations.
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A lot has happened since our last PPP update on January 12. While the President has already raised the prospect of a new stimulus package, as expected, there is continuity on existing programs, so the details included in our last update are still valid.
The Small Business Administration (SBA) and Treasury have now issued guidance and released application forms for the second round of the Paycheck Protection Program (PPP2).
Just in time for the holiday season, there is welcoming news with Congress passing a $900 Billion Covid-19 Relief Bill. This new legislation expands the Paycheck Protection Program (PPP) to include a new round of forgivable loans for small businesses.
Dear Clients & Friends, Covid-19 and the associated stay-at-home orders have been devastating for many businesses and individuals. Through it all, we have been your trusted resource, keeping you updated on federal aid programs that have been made available to help many businesses survive and recover. The most notable of these is the Paycheck Protection Program (PPP). What […]
In previous articles, we’ve emphasized the Internal Revenue Service’s (IRS) position when it comes to borrowers as they cannot “have their PPP cake and eat it too.” In practical terms, that means if you are expecting a loan to be forgiven, you cannot treat the expenses covered by that loan as tax deductible. This principle […]