SBA Releases Guidance on Review of PPP Loans and Extends Safe Harbor Deadline Again
As previously noted, on May 5, 2020, the Small Business Administration (SBA) extended its safe harbor…
Restaurants and Hotels Should Weigh the Pros and Cons of the PPP Loan Versus the Employer Retention Credit Before May 14th
As congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and signed into law…
Need to Return a Stimulus Check?
In the rush to send out stimulus payments, the Internal Revenue Service (IRS) made payments to…
Qualified Improvement Property Changes Under the CARES Act
As businesses and individuals continue to deal with COVID-19 and look to survival and recovery, the…
DoD to “Pause” and Establish Process for Section 3610 Reimbursement
“Ready… Fire… Aim…” This seems to be the tagline for Section 3610 of the Coronavirus Aid…
PPP Safe Harbor Deadline Extended
On May 5, 2020, the Small Business Administration (SBA) extended the safe harbor deadline for returning…
SBA Loan guidance on Single-Audits for Nonprofits
The nonprofit community got some good news today regarding Paycheck Protection Program (PPP) loans. The AICPA…
Paycheck Protection Program: Tax Treatment of Receipt and Use of Funds
The Paycheck Protection Program (PPP) provides clarity on Section 1106(i) of the CARES Act, specifically stating…
Proper Planning for Tracking COVID-19 Related Claims
The circumstances presented by the COVID-19 crisis are unprecedented and have left many construction contractors in…
How Nonprofits Should Account for PPP Loans
Under the CARES Act, certain nonprofit organizations are granted access to loans through the Payroll Protection…