SBA & Treasury Announce Forthcoming Updates to PPP Rules
The Small Business Administration (SBA) and the U.S. Treasury issued a joint statement on June 8, 2020, announcing forthcoming updated
The Small Business Administration (SBA) and the U.S. Treasury issued a joint statement on June 8, 2020, announcing forthcoming updated
On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) into law. The
The House of Representatives overwhelmingly approved the Paycheck Protection Program Flexibility Act (H.R. 7010) on May 28, 2020. The bill
A week after releasing the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Instructions and Application on May 15, 2020, the
With pressure mounting and a looming potential deadline for borrower amnesty for Paycheck Protection Program (PPP) loans inappropriately taken, the
IRS Notice 2020-32, released last week, clarified that expenses paid with proceeds from a Paycheck Protection Program (PPP) loan will
The Treasury issued new guidance on May 5, 2020, regarding an employer’s ability to qualify as for the Employee Retention
On May 5, 2020, the SBA issued yet another new addition to its PPP FAQs, the latest in a “dribble
The SBA issued additional guidance related to the Paycheck Protection Program (PPP) loan forgiveness reduction calculations, adding three new questions
The CARES Act created the Paycheck Protection Program (PPP) to provide loans to assist businesses and not-for-profit (NFP) organizations through
On April 30, 2020, the IRS issued Notice 2020-32, to explain that a Paycheck Protection Program (PPP) loan recipient cannot
In the flurry of releasing millions of dollars of loan requests from small businesses under the CARES Act’s Paycheck Protection
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