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
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
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
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
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