Phase 2 of the Paycheck Protection Program: Forgiveness

Phase 2 of the Paycheck Protection Program: Forgiveness

The Paycheck Protection Program begins phase 2: forgiveness! On Friday evening, May 15, the SBA released the PPP Forgiveness Application, with a notable absence of guidance from the treasury. The form and instructions offer borrowers details on how to apply for...
Business owners & Net Operating Losses (NOL’s)

Business owners & Net Operating Losses (NOL’s)

For business owners, the timeline of when taxes are due, your busy season, and the end of the calendar year are at constant odds. To some degree, the IRS recognizes that. In order to tax businesses based on income and not account entries, the IRS allows Net Operating...

+$310 Billion SBA Paycheck Protection Program

Have you heard? The President has just approved and signed legislation awarding $310 billion in new SBA Paycheck Protection Program loan money.  $60 billion of that is specifically set aside for smaller banks and lenders. That is key here for funding. Economic Injury...

Financial Assistance for those affected by COVID-19

As the global economic climate continues to weather the storm, financial assistance for small businesses is needed now more than ever. If you have been affected by the economic downturn as a result of COVID-19: 1. The U.S. Small Business Administration is offering...