Senate Passes Paycheck Protection Program (PPP) Extension

2021-03-30T12:36:02-04:00March 29th, 2021|COVID-19 Updates, Legislative News, Paycheck Protection Program, SBA Stimulus Programs|

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. [...]

Wisconsin Lawmakers Approve Waiving Businesses’ Taxes On COVID-19 Aid

2021-02-17T10:25:09-05:00February 17th, 2021|COVID-19 Updates, Labor News, Legislative News, SBA Stimulus Programs, WIsconsin News|

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 [...]

SBA Extends EIDL Loan Application Deadline Through End of 2021

2021-01-11T12:06:56-05:00January 8th, 2021|COVID-19 Updates, Legislative News, SBA Stimulus Programs|

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 [...]

Legislative Update: Highlights of the New Paycheck Protection Program (PPP)

2020-12-31T17:30:29-05:00December 29th, 2020|COVID-19 Updates, Labor News, Legislative News, Paycheck Protection Program, SBA Stimulus Programs|

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 [...]

SBA Issues New FAQs for Paycheck Protection Program (PPP) Loan Forgiveness

2020-10-26T17:10:29-04:00October 26th, 2020|COVID-19 Updates, Legislative News, Paycheck Protection Program, SBA Stimulus Programs|

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 [...]

The Employee Retention Credit and How it Can Help Your Business

2020-07-15T12:23:33-04:00July 15th, 2020|COVID-19 Updates, Legislative News, SBA Stimulus Programs|

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 [...]

Paycheck Protection Program Flexibility Act of 2020: What You Need To Know

2020-06-10T11:09:29-04:00June 10th, 2020|COVID-19 Updates, Paycheck Protection Program, SBA Stimulus Programs|

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 [...]

Treasury Department and SBA Release PPP Forgiveness Application Form

2020-05-19T10:05:21-04:00May 19th, 2020|COVID-19 Updates, Employee Benefits, Employee Benefits Legislation, Paycheck Protection Program, SBA Stimulus Programs|

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 [...]