A bipartisan bill (H.R. 7010) passed the House of Representatives yesterday intended to loosen the compliance requirements on Paycheck Protection Program (PPP) loans. The bill will affect hundreds of billions of dollars in small-business loans made under the PPP and...
Over the last few weeks, taxpayers have been looking for answers regarding their Economic Impact Payments. Today, the Internal Revenue Service announced that it will add 3,500 telephone representatives to help answer some of the most common questions. While this new...
The SBA has just released the Paycheck Protection Program Loan Forgiveness Application and Instructions effective May 15, 2020. If you need assistance, please let me know. Click here to download.
On May 13, 2020, the Small Business Administration (SBA) issued new Frequently Asked Questions (FAQ – Questions #46 and #47). Specifically, the FAQs say: 46. Question: How will SBA review borrowers’ required good-faith certification concerning the necessity of their...
