Articles worth reading. Advisory letters worth re-reading.

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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April 3 2020

Coronavirus Update 4/3/20 — PPP application revised

EMERGENCY UPDATE — Friday, April 3 — To our clients: Late last evening, the Small Business Administration (SBA) released a 31-page document which changes or clarifies some of the criteria of the Paycheck Protection Program (PPP) – one of the loan programs for which many businesses are currently applying. We have just learned that, as […]

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