Last week the House passed a bill to extend the PPP loan timeline, among other features. Today, the Senate agreed. The bill has been sent to the President fo...

Guidelines were given last week, and regulations were just released near the midnight hour Friday May 22nd. There seem to be a bazillion exceptions and speci...

Here’s the latest update, since our email below on April 29, on Disaster Loans from the SBA: The EIDL disaster assistance has 2 parts – $1000 per employee gr...

Note: This is the current guidance we have. Many organizations, including the AICPA, have provided recommendations to the Feds. Further guidance and amendme...

The HHS advance that was deposited to the business checking accounts of Medicare FFS providers around mid-April, is money that doesn’t have to be repaid, but...

EIDL Process: We have been informed by the SBA that your loan application goes through 5 stages: Your application is pulled from the stack for consideration ...

Notice: Additional Economic Injury Disaster Loan Funding With the additional funding provided by the new COVID-19 relief package, SBA will resume processing ...

We’ve had our heads down working hard the last two weeks to assist clients with the EIDL grant and the PPP loan application. The SBA announced 9 days ago tha...

Unless you’ve been under a rock, you’ve heard about Thursday’s SBA announcement that they stopped taking ^lender applications^ for the Paycheck Protection Pl...

The SBA issued an ‘interim final rule’ which requires a sole proprietor business or independent contractor (Schedule C filer) to use the Schedule C from thei...

Many businesses with employees other than the shareholder will be eligible for the Employee Retention Credit [ERC] of up to $5000 per employee. Some business...

This post is a reminder of your COVID paid leave requirements for retained employees. I will also explain how you get the tax credit to pay for it, and the p...

From my posts, you know a lot about the PPP (Paycheck Protection Program) and the COVID paid leave requirement for retained employees. But what about the Emp...

Shareholder-employees have paid into the unemployment system, both in their State and with the Feds. Under recent Federal legislation, other business owners...

I’d like to repeat what I have recommended several times: Every business should be applying for both forms of federal assistance, the PPP (with your bank), a...

As part of the CARES act, 2019 Medicare FFS health care providers are receiving part of the $100 billion cash infusion into the healthcare system. Right now,...

A reminder of my recommendations: Make a re-build financial plan. Re-visit it often ** Apply for the PPP loan -- see info below*** . It’s a great cash sou...

I wanted to check in to update you with the most recent information, as a follow up to my April 2nd post below. Recently, I provide you information about Go...

Yesterday was the first day to apply for the Paycheck Protection Program [PPP] forgivable loan based on payroll paid in earlier periods. The instructions ind...

Q & A: Question: have you heard any details on if the PPP grant component of the loan is available if your employees are on unemployment now? And, can I dec...