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COVID-19 SBA Loan Programs

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New Rules for Sole Proprietors, and Time is Running Out!

Act Immediately to Get a Paycheck Protection Program Loan.

The deadline for Paycheck Protection Program (PPP) loans is March 31, 2021, and many lenders will quit accepting applications as early as next week to process what is in their pipeline. For these reasons, it is imperative that any business or organization that qualifies for a PPP loan, first or second draw, apply immediately.

PPP expenses: deductible for federal tax purposes, but what about the states?

When Paycheck Protection Program (PPP) loans were initially introduced, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) made clear that loan proceeds would not be treated as gross income on federal income tax returns.

What are you doing to secure your data?

The consequences of being a victim of a cyber-attack can be devastating to all sizes and types of organizations, as we saw with the recent cybersecurity breach involving SolarWinds software.

Shuttered venue operator grants: An overview and FAQs Resources

For individuals and organizations involved with entertainment venues, the Consolidated Appropriations Act established a grant program to provide much needed economic relief. This article covers SVOG eligibility criteria, grant amounts, and how to apply.

2022-12-21T13:23:59-05:00February 5th, 2021|COVID-19, COVID-19 SBA Loan Programs|

On-Demand Video: PPP Loans and the Employee Retention Credit

In this on-demand video, Erica Horn, Maddie Schueler, and John Wurtenberger provide an overview of changes made by the year-end Consolidated Appropriations Act, 2021. The Act made significant modifications to the Paycheck Protection Program (PPP), and the Employee Retention Credit (ERC).

Breaking News: The Paycheck Protection Program (PPP) will re-open next week

Breaking News: Earlier today (January 8, 2021), the U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced the Paycheck Protection Program (PPP) will re-open to eligible borrowers next week.

Newest COVID-19 Relief Package Extends and Enhances Employer Payroll Tax Credits

Note: On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 into law.

Nine Months Later, A Second Economic Relief Package

It is expected that President Trump will sign into law the 2021 Congressional Appropriations Act (“Act”). We will be providing additional details related to the Act over the next several weeks, but this article provides a brief summary of three provisions.

Unnecessary Necessity Questionnaires and PPP2

Lenders are being required by SBA to send Loan Necessity Questionnaires to borrowers with Paycheck Protection Program (PPP) loans of $2 million or more. There are also questions surrounding a second round of PPP loans.

The Paycheck Protection Program: An update

Many small businesses across the United States are waiting for a promised second round of Paycheck Protection Program loans. While we wait, here is some general information about the Program and the latest updates.

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