Federal lawmakers agreed to a second round of stimulus legislation late last night, sending a nearly 6,000-page bill to President Trump for his expected signature. The proposal allocates $900 billion in economic relief to...more
12/23/2020
/ Borrowers ,
Business Expenses ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retention ,
Employer Liability Issues ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Loans ,
Financial Stimulus ,
Flexible Spending Accounts ,
Income Taxes ,
Loan Applications ,
Loan Forgiveness ,
Paid Leave ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Reporting Requirements ,
Retail Workers ,
Return-to-Work Agreements ,
Small Business ,
Small Business Loans ,
Tax Benefits ,
Tax Deductions ,
Unemployment Benefits
The Small Business Administration (SBA) has released loan necessity questionnaires that lenders must issue to over 50,000 borrowers that received $2 million or more in funds from the Paycheck Protection Program (PPP) – and...more
Following rapid depletion of funds available to small businesses under the CARES Act and subsequent Congressional action to refill the well, the Treasury Department today vowed to conduct “full audits” of companies receiving...more
The Treasury Department just issued a warning to “all borrowers” scooping up funds from the pool of billions of dollars of potentially forgivable loan money from the Small Business Administration’s Paycheck Protection Program...more