Posted by Megan Morris on June 30, 2020
The Paycheck Protection Plan Flexibility Act (PPP Flex Act) (H.R. 7010), enacted on June 5, further enhanced the opportunity for loan forgiveness by expanding requirements on how the loans are spent and extending the time to use the funds to 24 weeks (but not beyond December 31, 2020).
Posted by Cheryl A. Jankowski on June 26, 2020
Many taxpayers are confused about which federal tax filing and payment deadlines have been postponed by the IRS — and there certainly are a lot of postponements to keep track of.
Posted by Megan Morris on June 19, 2020
The Small Business Administration released a revised version of Form 3508 Paycheck Protection Program (PPP) Loan Forgiveness Application on June 16, 2020.
Posted by Brian Kern on June 18, 2020
Can your business make any last-minute moves to lower its tax obligation for 2019? And are there other long-term planning strategies that business owners should consider in light of today's tax laws, recent economic relief measures, and the November 2020 elections?
Posted by Cory Van Deusen V on June 16, 2020
Over $10 billion dollars have been deployed into qualified opportunity zone investments. While the investment has slowed, COVID-19 and additional guidance has created renewed interest in utilizing this program to assist with underserved communities and to provide tax relief for investors.
Posted by William Allen on June 16, 2020
As a result of COVID-19, the number of businesses filing for bankruptcy is expected to skyrocket this summer. Here's an overview of the options under the U.S. Bankruptcy Code — and how a business valuation expert can be a valuable asset during this process.
Posted by Cory Van Deusen V on June 15, 2020
On June 8, the Federal Reserve released revised term sheets for its Main Street Lending Program (MSLP), ahead of the program becoming officially operationalized. The MSLP aims to increase the flow of credit to small and medium-sized businesses that were in good financial standing prior to the COVID-19 crisis.
Posted by Megan Morris on June 10, 2020
The PPP Flexibility Act greatly increases the likelihood that a large percentage of a borrower’s PPP loan will be forgiven.
Posted by Cory Van Deusen V on May 27, 2020
If you did not receive a Paycheck Protection Program loan, you may want to consider the CARES Act Employee Retention Credit.