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PPP Updates

  • August 6, 2020

Earlier this week, the Small Business Administration (SBA) released a new Frequently Asked Questions (FAQs) document on PPP Loan Forgiveness. PPP...

AICPA Releases PPP Q&A for Lenders

  • July 6, 2020

The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for...

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COVID-19 Relief Update

  • June 18, 2020

The Small Business Administration (SBA) has recently released updates regarding the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP)....

PPP Forgiveness Changes Coming as Senate Passes House Bill

  • June 4, 2020

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for small...

Financial Reporting Update

  • May 21, 2020

The Financial Accounting Standards Board (FASB) met yesterday, May 20, and made a tentative decision to extend the effective dates for...

PPP Forgiveness Application Draft

  • May 18, 2020

PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related...

Paycheck Protection Program SBA Updates

  • May 1, 2020

Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan...

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Deductibility of Expenses Reimbursed by the Paycheck Protection Program

  • May 1, 2020

The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program...