Section 501(c)(5) and 501(c)(9) organizations are now eligible for Paycheck Protection Program (PPP) loans under the American Rescue Plan Act (ARPA) that was signed...Read More
The employee retention credit (“ERC”) is designed to encourage employers to keep workers on their payroll and support small businesses and nonprofits during the...Read More
Certain section 501(c)(6) organizations are now eligible for Paycheck Protection Program (PPP) loans under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues...Read More
The Small Business Administration (SBA) is seeking permission from the Office of Management and Budget (OMB) to collect information on loan necessity from borrowers...Read More
On August 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65 to provide needed guidance on an Executive Order issued by President Trump...Read More
Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, administered under the 7(a) guaranty loan program, are being provided through local financial institutions. While...Read More
The CARES Act provides employers with an Employee Retention Credit to assist in retaining employees throughout the COVID-19 emergency. Eligible employers can claim this...Read More
Following extensive publicity regarding large or publicly-traded businesses that have received loans under the Paycheck Protection Program (PPP), the Treasury Department has updated its...Read More
On Thursday, April 9, 2020, the Internal Revenue Service (IRS) announced expanded Coronavirus related relief, granting taxpayers an automatic extension of time to file...Read More
