UPDATE: New Legislation Brings Added Flexibility to the Paycheck Protection Program
June 5, 2020
Since its enactment in March, the Paycheck Protection Program (PPP) has disbursed billions of dollars to small businesses struggling during
Category: Tax Law
SBA Releases Paycheck Protection Program Loan Forgiveness Application
May 18, 2020
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application together with
New SBA Guidance Extends PPP Safe Harbor Deadline to May 18th
May 15, 2020
In response to public scrutiny concerning Paycheck Protection Program (PPP) loans being disbursed to large companies like Shake Shack, the
SBA Provides Safe Harbor to PPP Borrowers with Loans Less than $2 Million
May 13, 2020
The Small Business Administration (SBA) released Frequently Asked Question #46 today for the Paycheck Protection Program (PPP). FAQ #46 asks,
Small Business Administration Clarifies Eligibility Requirements of Paycheck Protection Program Applicants
May 7, 2020
In a prior post (see Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants), I wrote about the
No Expense Deduction for Forgiven PPP Loan Amounts
May 1, 2020
By now everyone should be aware of the Paycheck Protection Program (“PPP”) that enables small businesses to obtain favorable loans
Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants
April 28, 2020
In response to public backlash surrounding large and profitable companies obtaining loans under the Paycheck Protection Program (PPP), the SBA
Ohio Announces 2020 Back-to-School Sales and Use Tax Holiday
April 28, 2020
Ohio will provide back-to-school shoppers with an August sales tax holiday. The holiday will begin on Friday, August 7, 2020
IRS Releases Temporary Procedures on Claiming Quick Refunds of Credit for Prior Year Minimum Tax Liability and NOLs
April 17, 2020
On April 13, the IRS released guidance to provide temporary procedures to fax certain Forms 1139 and 1045 in order
IRS Warns Taxpayers to be on the Lookout for Coronavirus-Related Scams
April 16, 2020
In a prior post (see IRS Issues Warning About Coronavirus-Related Scams) we relayed information from the IRS, warning of potential