May 13, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The SBA, in consultation with the Treasury Department, has just issued new PPP Loan Forgiveness Guidance and FAQs as of May 13, 2020. Specifically,...
May 8, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
As SBA guidance on Paycheck Protection Program loan requirements is complex, many small businesses have been trying to reconcile a myriad of questions surrounding program details. For example, the requirement to achieve maximum loan forgiveness — that 75...
May 6, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
The Paycheck Protection Program (PPP) is a U.S. Small Business Administration (SBA) guaranteed loan designed to help small businesses keep their workforce on the payroll during the COVID-19 crisis. The program provides low interest loans with quick access to funds...
Apr 27, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The SBA on April 24 issued FAQs on how to calculate maximum amounts for PPP loans. The FAQs include detailed instructions for the following...
Apr 24, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
Revenue Procedure 2020-24 provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for: Waiving the carryback period in the case of a net operating loss arising in a taxable year beginning after Dec....
Apr 24, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. Today, April 24, 2020, President Trump signed a $484 billion Paycheck Protection Program and Healthcare Enhancement Act into law. The legislation...
