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Update – Paycheck Protection Program 3-31-2020

Update – Paycheck Protection Program 3-31-2020 Today, more information was released on the application process for the Paycheck Protection Program.  Please see attached PDFs and the link below.  The law indicates you calculate the loan on the 12 months prior to...

CARES Act – Individuals 3-28-20

CARES Act – Individuals Recovery Rebates          Eligible individuals are allowed a credit of $1,200 ($2,400 for joint filers), plus $500 for each qualifying child, for the first taxable year beginning in 2020. An eligible...

CARES Act – Business 03-28-20

CARES Act – Businesses Paycheck Protection Program (PPP) Loan Forgiveness Please see our website for a summary of this provision of the Act.  SBA- Emergency Injury Disaster Loan (EIDL) If you have applied for and received this loan, it can be refinanced as part...

Paycheck Protection Program Loan Forgiveness 3-27-20

Part of the CARES Act approved and signed on March 27, 2020 Covered loan is a loan guaranteed under paragraph (36) of section 7(a) of Small Business Act. Eligible participants are employers with less than 500 employees including sole proprietors, independent...