Simplifying the ERC Confusion
Retroactive Stuff – Going Back to 2020: Recent legislation (Dec 2020, and March 2021) revised the rules for 2020. You now qualify if you...
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Records In Order
- Jan 27, 2021
- 3 min
Let's Review Stimulus Programs
Family First Coronavirus Response Act Pay leave type: Under FFCRA, there are three different types of paid leave. Employee National Paid...
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Records In Order
- Jan 4, 2021
- 2 min
Rules for Round 2 PPP Funding
The significant difference in favor of business for Round 2 PPP is that the final legislation reduced the eligibility requirement to...
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![Document requirements for the SBA EIDL loan [Economic Injury Disaster Loan]](https://static.wixstatic.com/media/71f788_bdd12bfa86354921a36c26b1bdc538ad~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/71f788_bdd12bfa86354921a36c26b1bdc538ad~mv2.jpg)
Records In Order
- Jan 4, 2021
- 1 min
Document requirements for the SBA EIDL loan [Economic Injury Disaster Loan]
If you obtained an EIDL from the SBA, you or your corporation/LLC is required to submit documents to the SBA. The Board minutes or letter...
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Records In Order
- Dec 21, 2020
- 1 min
New Stimulus Package - Congress finally agrees
Congress is to vote on the new Stimulus deal and it is expected to pass the legislation within the next 2-3 days. Here are the basics:...
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- Jul 3, 2020
- 2 min
No PPP loan yet? $130 billion DISASTER RELIEF money still available to businesses
The PPP [Paycheck Protection Program] is NOT paycheck protection anymore. It is now a grant to small business to get the economy going....
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- Jul 1, 2020
- 3 min
Second wave of funding for Medicare health providers
The Department of Health and Human Services [DHH] is now issuing its second part of the CARES Act Provider Relief Fund. The deadline to...
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- Jun 30, 2020
- 2 min
The latest on the PPP and EIDL government assistance
EIDL application process is now open again. IF YOU MISSED previously getting an SBA EIDL loan application in, the program has now been...
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- Jun 5, 2020
- 1 min
U.S. Congress JUST NOW passed new flexibility in spending PPP Loan proceeds
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...
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- May 27, 2020
- 3 min
How to Get PPP Forgiveness
Guidelines were given last week, and regulations were just released near the midnight hour Friday May 22nd. There seem to be a bazillion...
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- May 22, 2020
- 2 min
Disaster Loans Are Funding FW: Status of Your EIDL Loan, and Bridge Loans
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 –...
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- May 11, 2020
- 4 min
My PPP loan got funded! - Now what?
Note: This is the current guidance we have. Many organizations, including the AICPA, have provided recommendations to the Feds. Further...
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- May 1, 2020
- 1 min
REMINDER: Medicare FFS advance payment Terms and Conditions
The HHS advance that was deposited to the business checking accounts of Medicare FFS providers around mid-April, is money that doesn’t...
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- Apr 29, 2020
- 2 min
Status of Your EIDL Loan, and Bridge Loans
EIDL Process: We have been informed by the SBA that your loan application goes through 5 stages: Your application is pulled from the...
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- Apr 29, 2020
- 1 min
Grant Money Now Available -- ALERT !! Notice from the SBA
Notice: Additional Economic Injury Disaster Loan Funding With the additional funding provided by the new COVID-19 relief package, SBA...
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- Apr 27, 2020
- 2 min
Update on PPP loans and EIDL assistance
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...
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Records In Order
- Apr 18, 2020
- 2 min
Your SBA Money Is Still On Its Way
Unless you’ve been under a rock, you’ve heard about Thursday’s SBA announcement that they stopped taking ^lender applications^ for the...
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Records In Order
- Apr 17, 2020
- 4 min
The Forgivable PPP Loan for Schedule C Owners and Partnerships
The SBA issued an ‘interim final rule’ which requires a sole proprietor business or independent contractor (Schedule C filer) to use the...
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Records In Order
- Apr 15, 2020
- 4 min
Is the Employee Retention Credit or the PPP better for your business?
Many businesses with employees other than the shareholder will be eligible for the Employee Retention Credit [ERC] of up to $5000 per...
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Records In Order
- Apr 15, 2020
- 4 min
Tax credits to pay for COVID paid leave requirements
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...
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