Paycheck Protection Program (PPP) borrowers have been waiting for additional guidance on the deductibility of PPP-funded expenses. In late April, the IRS issued guidance stating that borrowers may not claim a deduction for expenses that
The Small Business Administration (SBA) released its Frequently Asked Questions (FAQs) on PPP Loan Forgiveness on August 4, 2020 which provide further clarification on loan forgiveness of Paycheck Protection Program (PPP) loans, including the following…MORE.
On Saturday, August 8, 2020, President Trump unilaterally issued one executive order (which is law if the Constitution or a statute gives the President the power to issue such order) and three memoranda (whereby the
The Small Business Administration’s (SBA) rules and regulations concerning the eligibility of businesses for Paycheck Protection Program (PPP) loans when the business is involved in bankruptcy have recently been a source of substantial uncertainty, with
Partner Brendan Best spoke with Grand Rapids Business Journal about the legal options available for small business owners amid the COVID-19 pandemic. MORE.
The Small Business Administration has filed a new Interim Final Rule, scheduled to be published on June 19, 2020, implementing changes to the PPP loan program enacted by the PPP Flexibility Act. MORE.
On May 22, 2020, the Small Business Administration (SBA) and the Department of the Treasury (Treasury) issued two Interim Final Rules related to the Paycheck Protection Program (PPP): 1) an Interim Final Rule on loan
On May 22, the SBA issued interim final rules on loan forgivenessand loan review procedures for borrowers and lenders using the Paycheck Protection Program (PPP). This summary is not a full and complete recitation of
Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…
In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.
Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…
In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.
