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 | Firm Updates
Accounting and business consulting firm Sciarabba Walker & Co., LLP announces the promotion of Christopher Hart to Partner, effective January 1, 2021. Mr. Hart joined Sciarabba Walker in 2008 and currently serves as head of the firm’s Tax Department. He focuses on...
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 21, 2020, the U.S. Senate and House of Representatives voted to approve the Consolidated Appropriations Act of 2021. The bill now heads to President Trump and he is expected to sign the bill into law. Below, we’ve outlined some of the bill’s...
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 Appropriates Act of 2021. Title III – Continuing the Paycheck Protection Program and Other Small Business Support in the Act provides for a “second draw” PPP...
