The final regulations are effective on May 10, 2024.
Last week, the Department of the Treasury issued final regulations that address the Elective Pay program (also called direct pay), predominantly under Internal Revenue...more
3/19/2024
/ Comment Period ,
Eligibility ,
Final Rules ,
Internal Revenue Code (IRC) ,
IRS ,
Joint Ownership ,
Opt-Outs ,
Partnerships ,
Regulatory Agenda ,
Regulatory Requirements ,
Tax Credits ,
U.S. Treasury
On March 5, 2024, in its opinion and order for the case of Jeffrey Nuziard, et. al. v. Minority Business Development Agency, et. al., Case 4:23-cv-00278-P, the U.S. District Court for the Northern District of Texas (Fort...more
3/18/2024
/ 8(a) Program ,
Business Development ,
Commercial Litigation ,
Constitutional Challenges ,
Eligibility ,
Equal Protection ,
Ethnicity ,
Federal Contractors ,
Minority-Owned Businesses ,
Preliminary Injunctions ,
SBA
On October 26, 2023, a new legal challenge to the federal Department of Transportation’s Disadvantaged Business Enterprise program was filed in the Federal District Court for the Eastern District of Kentucky.
Raising the...more
Below are 10 important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the revised and updated applications posted on May 24, 2021, as well as...more
6/1/2021
/ Applications ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Required Documentation ,
Required Forms ,
SBA ,
Small Business
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
5/6/2021
/ Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
5/6/2021
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Excluded Providers ,
Filing Deadlines ,
Loan Forgiveness ,
Loans ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Required Documentation ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/30/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
3/30/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/25/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
3/25/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses affected by the COVID-19 emergency. Among...more
3/25/2021
/ Amended Regulation ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Interim Final Rules (IFR) ,
Loan Applications ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA ,
Small Business
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans -
On January 6, 2021, the Small Business...more
3/18/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
On January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second...more
3/18/2021
/ American Rescue Plan Act of 2021 ,
Borrowers ,
Certificate of Need ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Safe Harbors ,
SBA ,
Small Business
Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the revised and updated applications posted on January 19, 2021, as well as other forgiveness procedures as updated by the Economic...more
3/4/2021
/ Amended Regulation ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Interim Final Rules (IFR) ,
Loan Applications ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA ,
Small Business
Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) -
Late on January 6, 2021, the Small Business...more
2/19/2021
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
New Legislation ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Required Documentation ,
SBA ,
Small Business
Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second Draw Rules”). These rules announced the implementation of section 311 of the Economic...more
2/19/2021
/ Applications ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Required Documentation ,
Required Forms ,
SBA ,
Small Business
Forgiveness Applications and the detailed instructions for the revised and updated applications posted on January 19, 2021, as well as other forgiveness procedures as updated by the Economic Aid to Hard-Hit Small...more
1/27/2021
/ Applications ,
Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Disclosure Requirements ,
Economic Aid Act ,
Eligibility ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Questionnaires ,
SBA
There are a few things to keep in mind in regard to the Small Business Administration (the “SBA”) and the Paycheck Protection Program (“PPP”) loan forgiveness review process.
Adding on to the initial PPP funding, the...more
1/27/2021
/ Amended Regulation ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Loan Applications ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Required Documentation ,
SBA ,
Small Business
The Coronavirus Aid, Relief, and Economic Security Act (as amended and modified, the “CARES Act”) was enacted to provide immediate assistance to individuals, families, and businesses affected by the COVID-19 emergency. Among...more
1/19/2021
/ Amended Regulation ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Aid Act ,
Eligibility ,
Interim Final Rules (IFR) ,
Loan Applications ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA ,
Small Business
Late on January 6, 2021, the Small Business Administration (the “SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans”...more
1/15/2021
/ Borrowers ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Loan Applications ,
Loan Forgiveness ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
Small Business
Unpacking the Economic Aid Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans (January 14, 2021) -
Late on January 6, 2021, the Small Business...more
1/15/2021
/ Applications ,
Borrowers ,
CARES Act ,
Certifications ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Eligibility ,
Exclusions ,
Filing Deadlines ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
New Legislation ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
Required Documentation ,
SBA ,
Small Business
Below are ten important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the applications posted on June 16, 2020, and October 8, 2020, as well as...more
12/31/2020
/ Borrowers ,
CARES Act ,
Compensation & Benefits ,
Consolidated Appropriations Act (CAA) ,
Eligibility ,
Loan Forgiveness ,
New Legislation ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business ,
Tax Credits ,
Trump Administration
Below are the ten important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the applications posted on June 16, 2020, and October 8, 2020. There are...more
11/9/2020
/ Borrowers ,
CARES Act ,
Compensation & Benefits ,
Eligibility ,
Executive Compensation ,
FTEs ,
Interim Final Rules (IFR) ,
Loan Applications ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
SBA ,
Seasonal Workers ,
Small Business
Below are the ten important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness Applications and the detailed instructions for the applications posted on June 16, 2020, and October 8, 2020. There are...more
10/12/2020
/ Applications ,
CARES Act ,
Coronavirus/COVID-19 ,
Eligibility ,
Executive Compensation ,
Interim Final Rules (IFR) ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Payroll Expenses ,
Relief Measures ,
Retirement ,
SBA ,
Seasonal Workers ,
Small Business ,
Small Business Loans