Covid-19

Federal Legislative Update On July 27, 2020, the Continuing Small Business Recovery and Paycheck Protection Program Act was introduced in the Senate. A copy of the bill can be found here. The…

Paycheck Protection Program: Deadline Reminder and New Interim Rules The deadline to apply and be approved for a Paycheck Protection Program loan is Tuesday, June 30, 2020. Clients still considering applying…

PPP Updates: Updated Rules and Applications Released The Treasury and SBA released two new loan applications yesterday. The revised full-loan forgiveness application updates the 75% payroll cost mandate to the…

SBA/Treasury Clarify Paycheck Protection Program Flexibility Act  Since the Paycheck Protection Program (PPP) began in early April, the PPP has experienced many changes, and will continue to do so. The…

Paycheck Protection Program: Paycheck Protection Flexibility Act On June 3, 2020, the Senate unanimously passed the House’s Paycheck Protection Flexibility Act. President Trump is expected to sign the bill into law…

Paycheck Protection Program: Pending Legislation  The Paycheck Protection Program (PPP) may be undergoing some changes as both the Senate and the House consider bills to extend the PPP and change…

Paycheck Protection Program: Loan Forgiveness Application Released and Full-time Equivalent Defined  The Treasury and SBA have released the Paycheck Protection Program (PPP) Loan Forgiveness Application. The application can be found here. The…

Paycheck Protection Program: New FAQ on Employees Who Refuse to Return The Treasury Department issued a couple of new FAQs yesterday which can be found here. One of the FAQs answers…

CDC Reopening Resources   As the country moves from crisis to reopening, most states are partially easing restrictions in a bid to restart their economies. The CDC has issued guidance…