News

New PPP Guidance Early Loan Forgiveness Application & Other Modifications to PPP Forgiveness Provisions

By | Coronavirus, News, Tax Planning | No Comments

New Paycheck Protection Program (PPP) guidance was released last week by means of a 34-page interim final rule (IFR) issued in consultation with Treasury, in which the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP program. Most notably, the new guidance states that PPP recipients can apply…

Read More

R&D Tax Credits Improve Liquidity for More Businesses

By | Accounting and Advisory, News, Operations Management | No Comments

Could you use some additional cash flow in your business? We thought so. Recent global events have certainly incentivized many tax decision-makers to prioritize tax planning that can increase cash and enhance overall business liquidity. This could mean a renewed focus on research and development credits (R&D credits). Specifically, more…

Read More

SBA Releases PPP Loan Forgiveness Application & Instructions

By | Accounting and Advisory, News, Operations Management | No Comments

The U.S. Small Business Administration (SBA) has released the “Paycheck Protection Program Loan Forgiveness Application,” which contains information on PPP Loan forgiveness along with instructions for completing the application form. The SBA said its form and instructions are designed to reduce compliance burdens and simplify the process for borrowers. The…

Read More

PPP Loan Repayment Deadline Extended – FAQs About Forgiveness

By | Accounting and Advisory, News, Operations Management | No Comments

We have provided an update to the “economic uncertainty” language and the good-faith certification.  Read More. The U.S. Treasury Department and the SBA are issuing new guidance on eligibility and use of Paycheck Protection Program loan funds under the CARES Act. However, their determination of ‘economic uncertainty’ and the ‘good…

Read More