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Economic Aid Act – PPP Loan Program Reopened and Expanded

On December 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”) became law. The economy continues to struggle from the effects of the coronavirus pandemic. This new law...more

Congress Confirms Tax Deductions for Expenses Paid with PPP Loans, Extends Other Tax Provisions

Congress gave recipients of loans under the Paycheck Protection Program (PPP) a holiday present when it confirmed the deductibility of expenses paid with proceeds of a PPP loan that is forgiven. This confirmation is part of...more

The CARES Act Update – PPP Flexibility Act of 2020

Late last week Congress approved and the President signed the Paycheck Protection Program Flexibility Act of 2020 (“Flexibility Act”). This new bill attempts to address some of the more troubling requirements when applying...more

[Webinar] Important Recent PPP Updates, New Rules and Deadlines – The Latest Information - May 5th, 2:00 pm - 3:30 pm EDT

Join Ulmer partners Alan W. Scheufler, Bradley D. Kaplan, and Frederick N. Widen as they explore updated answers from the SBA and U.S. Treasury Department to the PPP FAQs and new questions raised based on that information....more

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