Small Business Administration and Treasury Issue New PPP Guidance
The U.S. Small Business Administration and Treasury recently issued guidance for the reconstituted Paycheck Protection Program.
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Business Funding is a Key New Advisory Category for CPA Firms
CPAs are meeting the moment when it comes to small business relief. This is a new advisory service for the profession, one that will last through 2021 and 2022, in terms of lingering pandemic impacts.
View MoreSBA Releases Simplified PPP Forgiveness Application for Loans of $50,000 or Less
The U.S. Small Business Administration and the Department of the Treasury recently released a simplified forgiveness application for recipients of Paycheck Protection Program loans of $50,000 or less.
View MoreSBA Clarifies Deferral Period for PPP Loan Payments
The U.S. Small Business Administration recently released guidance clarifying that Paycheck Protection Program lenders must recognize the previously established extended deferral period for payments on the principal, interest, and fees on all PPP loans, even if the executed promissory note indicates only a six-month deferral.
View MoreSBA Issues PPP Change-in-Ownership Guidance
The U.S. Small Business Administration has issued a procedural notice providing new guidance regarding the procedures required for changes of ownership of an entity that has received Paycheck Protection Program funds.
View MoreTennessee Releases Digital Tool to Help Business Owners Check Relief Payment Eligibility
Governor Bill Lee and the Tennessee Department of Revenue recently announced a new digital eligibility tool for small business owners to determine if their business may be eligible for a Tennessee Business Relief Program payment.
View MoreSBA Releases New PPP Loan Forgiveness FAQs and Guidance
The U.S. Small Business Administration, in consultation with the Treasury Department, recently released a new FAQs document addressing Paycheck Protection Program loan forgiveness.
View MorePPP Application Window Extended to Aug. 8
The application window for the Paycheck Protection Program has been officially extended to Aug. 8 as the extension has been signed into law by President Trump.
View MoreSBA Offers Tool to Match Small Businesses with PPP Lenders
The U.S. Small Business Administration recently announced the relaunch of Lender Match, an online tool that will be focused on connecting pandemic-affected small businesses who have not yet applied for or received an approved PPP loan with SBA lenders.
View MoreSBA Releases PPP Loan Forgiveness Application Form
The Small Business Administration, in consultation with the Treasury, recently released an application form for Paycheck Protection Program loan forgiveness, as well as instructions on completing the form.
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