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More PPP Loan Details

The government finally issued a bit more guidance on PPP loans for owners who report business income on their Schedule C or on LLC tax returns. This update contains some highlights. Note that these are not exhaustive but do give some guidance. And, as always, consult...

CARES and FFCRA Update (April 10)

As we look to the fourth week of our safer-at-home shutdown, the professional community continues to discuss new information regarding the Families First Coronavirus Recovery Act (FFCRA) and the CARES Act. Though our firm has primarily been focused on the Payroll Protection Program (PPP), we...

Fact Sheet

Here is a brief fact sheet, released from the government.   CLICK HERE to read for yourself....

This just in…

Just when you think you have it all understood, the SBA issues an update with answers to frequently asked questions … and things change. In the SBA’s set of FAQs dated April 6, Q&A #7 clarifies the $100,000-per -employee limitation. It states that the $100,000...

Latest Updates

A lot is changing fast. Here are a few updates from Jim and Tony since their podcast with Joe. Some banks are accepting applications for PPP loans, but independent contractors will have to wait until April 10. As of April 3, many banks had not...

PPP Loan Update

NEW INFORMATION  -  JUST RELEASED The PPP loan process for small businesses and sole proprietors is set to open tomorrow, April 3, but very few banks are actually ready to process applications at this time (and we have been in touch with many). First thing to note...