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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 MoreThe 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 MoreThe 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 MoreThe 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 MoreGovernor 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 MoreThe U.S. Small Business Administration, in consultation with the Treasury Department, recently released a new FAQs document addressing Paycheck Protection Program loan forgiveness.
View MoreThe 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 MoreThe 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 MoreThe 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.
View MoreThe AICPA has created a loan forgiveness calculator for the Paycheck Protection Program and recently shared it with the Treasury Department and Small Business Administration.
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