Stay up to date on the latest in industry and GYF news. Subscribe to have the most recent posts delivered to you.
In anticipation of the revised PPP loan process opening to all lenders on January 19, 2021, the U.S. Small Business Administration (SBA) released procedural guidance for borrowers who wish to
While most business professionals have at least a passing understanding of the PPP, far fewer have spent time looking at the ERC. This post provides additional details. GYF will also
UPDATED JANUARY 14, 2021 On January 8, 2021, the U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced that the Paycheck Protection Program (PPP) will re-open
The U.S. Small Business Administration (SBA) and Treasury issued guidance on January 6, 2021, to provide details on the next round of the Paycheck Protection Program (PPP), which was created
On January 4, 2021, the Internal Revenue Service released Notice 2021-7, granting relief to certain employers and employees using the “automobile lease valuation rule” to determine the value of an
Passed in March of 2020, the CARES Act provided relief for employers whose trade or business operations were fully or partially suspended due to impacts related to COVID-19 governmental orders
It will come as no surprise that 2020 has been named one of the most challenging years in modern history. COVID-19 swept the nation we knew, and will likely leave
On December 27, 2020, President Trump signed the most recent stimulus bill and government spending bill avoiding a government shutdown and loss of Covid-relief benefits. Last week, the Senate overwhelmingly
The Senate overwhelmingly approved the most recent stimulus bill late on December 22, 2020, just a few hours after the House voted to approve the package. The new bill is
The Small Business Administration (SBA) and Treasury added an additional FAQ (#53) to its PPP Loans Frequently Asked Questions (updated December 9, 2020) to address concerns related to potential new
The IRS recently published final regulations related to new requirements for exempt organizations to separately compute unrelated business taxable income (UBTI) for each separate business activity they conduct. Generally, nonprofit
A copy of the summary of the current bipartisan proposal for stimulus was obtained from a source through CNN. While the package still remains in flux, House Speaker Nancy Pelosi
