SBA RELEASES UPDATED GUIDANCE REGARDING PPP TREATMENT OF OWNERS AND FORGIVENESS OF RENT
Last week the SBA issued additional guidance regarding who is considered an owner for purposes of determining compensation that is eligible for forgiveness as well as the types of rent that are considered qualifying nonpayroll costs. Owners Owners of C ...
HHS Announces Over $4 Billion in Additional Relief Payments to Healthcare Providers Impacted by the Coronavirus Pandemic
On July 10, 2020 the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced approximately $3 billion in funding to hospitals serving a large percentage of vulnerable populations on thin margins and approximately $1 ...
SBA Releases Simplified PPP Forgiveness Application and Revised Standard Application While Providing Additional Guidance
Last week the SBA issued a Simplified PPP Forgiveness Application, Form 3508 EZ, that streamlines the forgiveness process for certain applicants as well as provided additional guidance.Who is eligible to use Form 3508EZ? Self Employed Individuals and General Partners that ...
Important Changes to Paycheck Protection Program
On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act Of 2020 into law thus allowing businesses a greater opportunity to use PPP funds received in conjunction with the progression of their activity. This change should increase one’s chances of allowing the loan ...
PPP forgiveness application—What borrowers need to know
If you missed our May 26th webinar on the PPP Loan Forgiveness Application, you can find the recording here. Please do not hesitate to contact us with any additional questions. Watch the Webinar Download Slides
PPP Loan Forgiveness Application
The SBA has released their PPP Loan Forgiveness Application. Download the Application. We will be hosting a webinar on May 26th to answer your questions. If you are unable to attend, please contact us and we will be happy to ...