On Friday, June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) became law. The PPPFA amends certain provisions of the Paycheck Protection Program (PPP). Among other things, the PPPFA is largely aimed at...more
6/9/2020
/ Borrowers ,
Exemptions ,
Federal Loans ,
Hiring & Firing ,
Lenders ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) ,
Payroll Expenses ,
Payroll Taxes ,
SBA ,
Small Business ,
Small Business Loans ,
Tax Deferral ,
U.S. Treasury ,
Wage and Hour
If the recent media attention for high profile borrowers such as Shake Shack and others has you rethinking your certifications under the PPP loan, you may be in luck. In an updated set of FAQs released on April 23, 2020, the...more
On April 15, 2020, the U.S. Small Business Administration issued a new interim final rule (link) (the “Guidance”) that supplements prior guidance with respect to the Paycheck Protection Program (the “PPP”). Among other...more
4/21/2020
/ Borrowers ,
Business Income ,
Business Taxes ,
Corporate Taxes ,
Eligibility Determination ,
Lenders ,
Limited Liability Company (LLC) ,
New Guidance ,
Partnerships ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business Loans
On March 25th, the Senate passed the bill entitled, the “Coronavirus Aid, Relief and Economic Security Act” (the “CARES Act”). This legislation is now before the House of Representatives. The CARES Act is intended to infuse...more