PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related to this program, we
Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan provisions designed to help
The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program (PPP) is not permitted
Congress has passed a $2.2 trillion stimulus package to support the economy during the virus pandemic. The President has indicated that the bill will be
All Employers must be prepared to comply with the requirements of this Act Effective April 1, 2020. Purpose: To provide their employees with paid sick
On March 22, 2020, regulators released an interagency statement on loan modifications by financial institutions working with customers affected by the coronavirus. This statement applies
COVID-19 has presented a unique set of challenges from both a health perspective and financial perspective for small business. As companies prepare for several more
The London Interbank Offered Rate, or LIBOR, has been used for decades as the benchmark interest rate for many bank loans, including commercial and small business loans. But regulators have set a goal of
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