Articles worth reading. Advisory letters worth re-reading.

June 5 2020

Coronavirus Update 6/5/20 – Paycheck Protection Flexibility Act

EMERGENCY UPDATE — Friday, June 5 — _______ Congress Passes Paycheck Protection Flexibility Act; President Trump Signs Into Law._______ To our clients:   On Wednesday evening, June 3, 2020, the Senate passed the bipartisan Paycheck Protection Program Flexibility Act of 2020 (HR 7010). President Trump signed the bill into law this morning. The bill provides for […]

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May 18 2020

Coronavirus Update 5/18/20 – SBA Releases Forgiveness Application for PPP Loans

EMERGENCY UPDATE — Monday, May 18 — _______The Small Business Administration has released the Paycheck Protection Program loan forgiveness application._______ To our clients:   Last Friday evening, May 15, 2020, the Small Business Administration released Form 3508 – Paycheck Protection Program Loan Forgiveness Application. This is the form you will be required to complete if you […]

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April 27 2020

Coronavirus Update 4/27/20 – Additional Funding for PPP

EMERGENCY UPDATE — Monday, April 27 — To our clients: On Thursday, April 23, 2020, Congress approved a $484 billion bill to provide additional COVID-19 related relief/assistance for small businesses, including $310 billion for the Paycheck Protection Program (PPP). President Trump signed the bill into law on Friday, April 24. The SBA will resume accepting Paycheck […]

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April 19 2020

Coronavirus Update 4/19/20 — 3 important questions about PPP

EMERGENCY UPDATE — Sunday, April 19 — To our clients: A little over two weeks ago – April 3 to be exact – marked the first day small businesses across the United States could apply to the Small Business Administration (SBA) for a Paycheck Protection Program (PPP) loan. As we first predicted in our Coronavirus Update […]

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