SBA Releases PPP Loan Forgiveness Application

SBA Releases PPP Loan Forgiveness Application

May 20, 2020 1 minute read: On Friday, the SBA released the application with instructions form for loan forgiveness under the Paycheck Protection Program (PPP). See here. The form provides guidance and clarification Read More
Congress May Give PPP Recipients More Relief from the IRS

Congress May Give PPP Recipients More Relief from the IRS

May 11, 2020 1 minute read: On April 30, 2020 the IRS recently issued IRS Notice 2020-32. This Notice discusses the tax deductibility status of expenses that are forgiven under the Paycheck Protection Read More
No Double Dipping: Forgiven Covered Expenses on a PPP Loan Are Not Deductible

No Double Dipping: Forgiven Covered Expenses on a PPP Loan Are Not Deductible

May 4, 2020 1 minute read: The IRS recently issued IRS Notice 2020-32. See here. This Notice discusses the tax deductibility status of expenses that are forgiven under the Paycheck Protection Program (“PPP”) Read More
Paycheck Protection Program Gets a $310 Billion Infusion to Help Small Businesses Through Coronavirus Pandemic

Paycheck Protection Program Gets a $310 Billion Infusion to Help Small Businesses Through Coronavirus Pandemic

April 27, 2020 2 minute read: On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act was signed into law (the “Act”). Among its key provisions is the infusion of Read More
What You Should Know to Ensure Maximum Loan Forgiveness for PPP Loans

What You Should Know to Ensure Maximum Loan Forgiveness for PPP Loans

April 22, 2020 3 minute read: On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted to expeditiously aid small businesses in the wake of the Coronavirus Read More
Get to Know the Tax Provisions in the CARES Act

Get to Know the Tax Provisions in the CARES Act

April 17, 2020 4 minute read: Many employers and individuals are understandably concerned about how to navigate the difficult business environment created by the COVID-19 Pandemic and resulting state and federal mitigation measures. Read More
Treasury Issues Interim Final Rule on the Paycheck Protection Program Loans

Treasury Issues Interim Final Rule on the Paycheck Protection Program Loans

April 3, 2020 5 minute read: On April 2, 2020, the Treasury issued Interim Final Rule on the Paycheck Protection Program (“PPP”). The PPP is the program under the Coronavirus Aid, Relief, and Read More