Blog Posts

PPP Forgiveness Application Update: Loans of $50,000 & Less

On Thursday, October 8, 2020, SBA announced that small businesses with Paycheck Protection loans of $50,000 or less can now use a streamlined application to apply for their loan forgiveness. This news comes as a bit of a

October 9, 2020

PA Small Businesses of 25 employees or Less: COVID-19 Assistance Program Available Now

Pennsylvania has now opened the first application window for the "COVID-10 Relief Pennsylvania Statewide Small Business Assistance Program" which will provide $225 million in grants ranging from $5,000 to $50,000 to small businesses that have been economically

July 2, 2020

Key 941 Changes

As we round out the second quarter, which has been an interesting quarter to say the least, you or your payroll provider will be looking at a new quarterly Form 941 to report your federal payroll taxes

June 30, 2020

PPP Changes: The PPP Flexibility Act

In an effort to amend the widely criticized paycheck protection program within the CARES Act, the House & Senate have agreed upon some favorable changes noted as the “Paycheck Protection Program Flexibility Act of 2020”. Loan Maturity has

June 4, 2020

SBA Releases New FAQ Regarding PPP

The SBA recently released question #46 in the frequently asked questions in regards to PPP. Loans with an original principal amount of less than $2 million will be deemed to have made the required certification concerning the

May 13, 2020