May 26, 2020 | COVID-19 Response, Firm Updates
SBA Reviews of Individual PPP Loans The SBA may review any PPP loan, as they deem appropriate SBA may review whether a borrower is eligible for the PPP loan based on provisions of the CARES Act, the rules and guidance available at the time of the borrower’s PPP loan...
May 26, 2020 | COVID-19 Response, Firm Updates
These Interim Final Rules were issued on May 22, 2020 Updates were made to the rule on June 22, 2020 and we have updated this page as of June 26, 2020. This post should be used in conjunction with our May 19, 2020 (Updated June 26, 2020) blog which can be found here....
May 19, 2020 | COVID-19 Response, Firm Updates
This blog was updated on June 18, 2020 – New Form 3508 EZ Loan Application You can apply for forgiveness of your PPP loan using the SBA Form 3508EZ if you can qualify for one of the three situations below: The Borrower is a self-employed individual, independent...
May 13, 2020 | COVID-19 Response, Firm Updates
The U.S. Department of the Treasury and the Small Business Administration have released updated Paycheck Protection Program FAQs which state that “any borrower that, together with its affiliates, received PPP loans with an original principal amount of less than $2...
May 8, 2020 | COVID-19 Response, Firm Updates
We’ve updated this blog with recently issued guidance. Click here to read the updated blog. The CARES Act waived required minimum distributions (RMDs) for 2020. However, some taxpayers may have already taken distributions from retirement accounts in 2020. Under...