The last two years have been challenging for small and medium sized businesses in so many ways—a rocky economy, labor shortages, health and safety issues and more. Significant federal and state legislation, like Paycheck Protection Program (PPP) loans and [...]
A bill to move the Paycheck Protection Program (PPP) application deadline from March 31 to May 31 won approval in the U.S. Senate on Thursday, March 25, 2021. The final vote to approve the PPP Extension Act of 2021, H.R. [...]
Thousands of businesses across Wisconsin wouldn't be taxed for coronavirus aid under a plan approved Tuesday by state lawmakers. Under the bill, Wisconsin businesses that received Paycheck Protection Program loans last year as part of federal coronavirus relief wouldn't have to pay [...]
The Small Business Administration (SBA)has announced the extension of the deadline for businesses to apply for the Economic Injury Disaster Loan (EIDL) program to December 31, 2021. The new deadline extension for the second round of EIDL funding comes after the [...]
President Donald Trump has signed into law a new $900 billion coronavirus relief and stimulus package. Among its provisions: An extension of last spring’s Paycheck Protection Program, allowing another $284 billion or so in forgivable, federally backed loans for [...]
The U.S. Small Business Administration (SBA) released guidance Tuesday confirming that Paycheck Protection Program (PPP) loan forgiveness applications are not due on Oct. 31. Fears of a late-October PPP surprise came to the SBA’s attention because the program’s loan [...]
Organizations that have been impacted financially by COVID-19 may be able to take advantage of a refundable tax credit called the Employee Retention Credit. The credit is designed to encourage organizations to keep employees on their payroll and is [...]
The Paycheck Protection Program Flexibility Act (PPPFA) was signed into law on June 5, 2020. This comes just in the nick of time as the original covered period under which the PPP loans could be used and forgiven was [...]
The Treasury Department and the U.S. Small Business Administration (SBA) just released the Paycheck Protection Program (“PPP”) Loan Forgiveness Application. The accompanying instructions and worksheets are very helpful in explaining how employers who borrowed PPP money can obtain forgiveness [...]
