The Main Street Lending Program has been launched and the Paycheck Protection Program has a new, streamlined loan forgiveness application. This article contains a summary on both programs.
The Main Street Lending Program has been launched and the Paycheck Protection Program has a new, streamlined loan forgiveness application. This article contains a summary on both programs.
Certain types of expenses, such as automobile, travel, meals and office-at-home expenses, require special attention because they’re subject to special recordkeeping requirements or limitations on deductibility.
On Wednesday, June 3, 2020, the U.S. Senate passed proposed changes to the Paycheck Protection Program (PPP), expanding the time allotted for loan recipients to spend their funds and still qualify for loan forgiveness. The bill went on to President Trump and was signed into law on Friday. This article highlights the main points of the new law.
Heading into June, many of us are excited about warmer weather and our economy opening back up. For the majority of us, it is not the time of year that we are typically concerned with taxes.
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).
The sample Paycheck Protection Program (PPP) loan forgiveness application for loan forgiveness under the PPP was made available late last week. While the sample application does not answer all the questions we have, it does provide some clarity. This article provides an overview.
Chances are, employers don’t need the force of law to make them care about the health of their employees, especially during the novel coronavirus (COVID-19) pandemic. But it’s still important to know what the federal workplace safety agency — the Occupational Safety and Health Administration (OSHA) — has to say about employees returning to their jobs with a measure of confidence in their own safety.
The coronavirus (COVID-19) pandemic has affected many Americans’ finances. This article contains some answers to questions you may have right now.
The SBA Resumes Accepting Paycheck Protection Program Applications Today With the additional funding provided by the new COVID-19 relief package, the SBA was scheduled to begin processing applications this morning that were already in the queue. They will process on a first come, first-served basis. Learn more about the PPP and other funding options… Continue reading COVID-19 Update: New PPP Funds, Michigan Tax Extensions, and New Executive Order
If you have already received your loan through the PPP, you may be wondering what you’ll need to do to apply for forgiveness at the end of your eight weeks.
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