On December 21, 2020, Congress approved the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Ventures Act. After threatening to veto the bill, President Trump signed the bill into law on December 27....more
On December 21, 2020, Congress approved the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Ventures Act. While the act still needs to be signed by the President before it becomes law, it makes some extensions and...more
The SBA just released new revised loan forgiveness application forms integrating changes from the PPP Flexibility Act. The form is largely the same with some specific changes highlighted here....more
The CARES Act signed into law on March 27, 2020 contains numerous provisions to deliver tax relief to businesses amidst the financial crisis caused by the COVID-19 pandemic.
Charitable Contributions -
The deduction...more
The Paycheck Protection Program is part of the recent Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and allows small businesses with 500 or fewer employees to apply for federally backed loans to pay for...more