Last night, the Senate unanimously passed a bill that would extend the Small Business Administration's (SBA) Paycheck Protection Program (PPP) application deadline through August 8, 2020. The bill is now set to be taken up by...more
Juneteenth: A National Day of Reflection -
The PilieroMazza family paused to reflect and take a collective breath in remembrance of this day in our country’s history. Working with PilieroMazza’s Diversity, Equity & Inclusion...more
SMALL BUSINESS PROGRAMS & ADVISORY SERVICES -
CARES Act Section 3610 – Part 1: Confusion and Shifting Sands -
Defense Pricing and Contracting issued draft instructions and requirements for contractors submitting funding...more
As we reported in our previous alert, the bipartisan bill the Paycheck Protection Program Flexibility Act of 2020, was passed on May 28, 2020 by the House of Representatives. Last night, the Senate passed the bill, which now...more
On May 28, 2020, the U.S. House of Representatives passed the Paycheck Protection Program Flexibility Act of 2020 (the Act), new legislation meant to provide additional assistance to small businesses and loosen regulations...more
As noted in our previous alert, SBA recently released its long-awaited PPP Loan Forgiveness Application. Unfortunately, the Forgiveness Application is difficult to understand and complete. To help crack the code, we have put...more
Guidance from the Department of Defense (DOD) has finally been issued related to Section 3610 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allowed for payments to federal contractors to keep...more
SBA recently issued its 11-page Paycheck Protection Program Loan Forgiveness Application, linked here. The application walks borrowers through a step-by-step process to determine loan forgiveness amounts based upon the...more
State-by-State Business Reopening Guidance -
To help track reopening differences across each state and provide the latest guidance and information to employers, the U.S. Chamber of Commerce has launched an interactive map...more
On May 13, 2020, the Small Business Administration (“SBA”) and Treasury Department (“Treasury”) released new guidance concerning good-faith certification for Paycheck Protection Program (“PPP”) loan requests. This new...more
On May 6, 2020, members of the Senate Finance Committee introduced the Small Business Expenses Protection Act of 2020 (“the Act”), legislation that would allow some small businesses to deduct from their taxes expenses paid...more
On May 5, 2020, the Small Business Administration (“SBA”) and U.S. Treasury Department (“Treasury”) revised their FAQ concerning the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the Paycheck Protection...more
Cy Alba recently sat down with SC&H Group Director Pete Ragone to discuss "The CARES Act & Recent Guidance Updates for Government Contractors."
Going over frequently asked questions, they dove into:
• an overview of the PPP...more