Paycheck Protection Program

PPP Loan Forgiveness – News for PPP Borrowers of $50,000 and Below

Restaurant owner with mask on

There has been much anticipation that the SBA would announce some sort of automatic forgiveness for smaller Paycheck Protection Program loan Borrowers. The rumors were put to rest yesterday with the SBA issuing another Interim Final Rule. The IFR issued on October 8, “Additional Revisions to Loan Forgiveness and Loan Review Procedures” introduced a third… Read more »

CARES Act Overview: The Impact on Taxpayers and Businesses

Cares Act Overview

On March 27, 2020, President Trump signed into law the latest COVID-19 relief bill: Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief for businesses, employees, and families in an effort to maintain livelihoods throughout the crisis and after. The expected cost of the bill is nearly… Read more »