Category: COVID-19 Resources
Click here to view a .pdf copy of the alert. Given the questions concerning the factual underpinnings for the certification that each PPP Loan Applicant made that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant”, the SBA issued additional guidance on May 13, […]
Click here for a .pdf copy of the alert. The U.S. Internal Revenue Service issued Notice 2020-32 on April 30, 2020. This Notice states that no deduction is allowed for an expense that is otherwise deductible if the payment of the expense results in forgiveness of the PPP Loan. Consequently, if you […]
Click here to view a .pdf version of the alert. As stay-at-home orders begin to ease, planning is needed to ensure that your workplace is safe and productive. Bringing back your furloughed employees: As employers call their employees back to work, many employees will welcome the return the normalcy, while some […]
Click here to view a .pdf version of the alert. Congress has approved an additional $320 Billion for the PPP loan program with $60 Billion set aside solely for smaller lending institutions, particularly community-based lenders. More than 1.6 Million PPP loans totaling almost $350 Billion were approved by SBA before the […]
Bruce McGowin provided some important information about the Paycheck Protection Program. Click here to listen to what he had to say about the importance of filing now even if the program runs out of money, and what paperwork is needed to apply. He overviewed these items and more.