Feb 12, 2021 | COVID-19 Response, Firm Updates
Eligible self-employed individuals, including partners in partnerships with SE income, are entitled to claim qualified sick and family leave equivalent credits under the Families First Coronavirus Response Act. To be an eligible self-employed person, both the...
Jan 11, 2021 | COVID-19 Response, Firm Updates
On January 7, 2021, the SBA issued guidance regarding the extension of the Paycheck Protection Program (PPP) under the Economic Aid Act. Separate guidance was issued for first-time borrowers (First Draw) and borrowers seeking a second round of PPP funding (Second...
Jan 8, 2021 | COVID-19 Response, Firm Updates
On January 6, 2021, the Small Business Administration released additional guidance relating to the Paycheck Protection Program (PPP) Second Draw Loans. This program was made available as part of the Consolidated Appropriations Act of 2021 under the Economic Aid to...
Jan 1, 2021 | COVID-19 Response, Firm Updates
On December 21, 2020, the U.S. Senate and House of Representatives voted to approve the Consolidated Appropriations Act of 2021. Sections 206 and 207, Title II of Division EE, Taxpayer Certainty and Disaster Tax Relief Act (TCDTR) of 2020 modify and extend the...
Dec 22, 2020 | COVID-19 Response, Firm Updates
On December 27, 2020, the Consolidated Appropriations Act of 2021 was signed into law. Below, we’ve outlined some of the bill’s key provisions. Additional PPP “First Draw” Guidance Provides guidance on how to calculate the maximum First Draw...
Dec 22, 2020 | COVID-19 Response, Firm Updates
On December 21, 2020, the U.S. Senate and House of Representatives voted to approve the Consolidated Appropriations Act of 2021. Title III – Continuing the Paycheck Protection Program and Other Small Business Support in the Act provides for a “second draw” PPP...
