Articles & Publications

The U.S. Small Business Administration (SBA) has published new guidance to simplify and speed up the forgiveness process for Paycheck Protection Program (PPP) loans of $150,000 or less. In their 29-page interim final rule (IFR), the SBA is introducing. Read More >>

We reported last month that the Small Business Administration (SBA) was planning to withdraw its controversial Loan Necessity Questionnaire for Paycheck Protection Program loans of $2 million or more. In a notice sent July 9, the SBA officially stated. Read More >>

The American Institute of Certified Public Accountants (AICPA) yesterday reported that the Small Business Administration (SBA) plans to withdraw its highly controversial loan necessity questionnaire. Last fall the SBA published Form 3509 – Loan Necessity Questionnaire in an attempt. Read More >>

As we’ve now surpassed the one-year mark since the global pandemic first began, it’s hard to deny that the restaurant industry has been one of the hardest-hit sectors during this time. The Restaurant Revitalization Fund (RRF) relief program was. Read More >>

Since the pandemic began, we have been monitoring and reporting on the Paycheck Protection Program (PPP), as well as all of the guidance and modifications resulting from several acts of Congress. With nearly four million PPP loans already approved,. Read More >>

After sailing through the U.S. House of Representatives, the U.S. Senate approved the extension of the filing deadline for Paycheck Protection Program (PPP) applications by 60 days and provides an additional 30 days for the U.S. Small Business Administration. Read More >>

The Employee Retention Credit (ERC) and Paycheck Protection Program (PPP) were created in the CARES Act under the COVID-19 relief program. Originally, they were separate programs and an employer was only allowed to participate in one program. In December,. Read More >>

Sole proprietors and self-employed individuals might be getting a well-needed break with regard to the recently updated guidance on Paycheck Protection Program (PPP) loans. Schedule C filers that apply for PPP loans have been required to use their business. Read More >>

There has been a flurry of activity since late December and changes are still occurring. The second round of PPP funding; expansion of the Employee Retention Credit (ERC); various introductions of new and/or updated forms; interpretations for calculating revenue. Read More >>

The SBA issued 18 pages of guidance in the form of Frequently Asked Questions (FAQs) to help companies assess whether they qualify to borrow funds under the Paycheck Protection Program and the types of documentation they would need to. Read More >>