Tag Archives: PPP

COVID-19 Employer Payroll Tax Deferral UPDATED

Updated 06/05/2020   SBA PPP Loan Forgiveness recipients, upon Paycheck Protection Program Flexibility Act becoming law, can now defer the employer share of Social Security and Medicare payroll taxes incurred through the end of the year.  Previously, SBA PPP Loan recipients … Continue reading

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COVID-19 Congress Makes PPP Loan Forgiveness A Bit Easier!

Last week, on May 27, 2020 the House passed legislation, Paycheck Protection Program Flexibility Act, H.R. 7010, loosening the requirements for PPP loan forgiveness.  Yesterday, the Senate, while not in full session, unanimously consented to the House version of the … Continue reading

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COVID-19 SBA PPP Legislative Update

Changing the PPP rules would be of great benefit across the board. Congress’ CARES Act was based on a two-month period. Congress did not anticipate or plan for many of the glitches and questions things that have unfolded since initial passage. Last week, … Continue reading

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The Disaster Preparedness Sales Tax Holiday is currently underway!

May 29 – June 4, these qualifying items will be exempt from sales tax: Any reusable ice pack selling for $10 or less. Any portable self-powered light source selling for $20 or less: Candles, flashlights, lanterns. Any gas or diesel … Continue reading

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#COVID-19 Still Some PPP Left

Word on the street is there remains $70 billion in SBA PPP funding. That first 349B$ April 3 was gone in a matter of several days. Near the end of April, it was replenished with 310B$. Plus, all the returns-the … Continue reading

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#COVID-19 PPP Loan Forgiveness and Furloughed Employees Part 3 of 3

You want them back but you really shouldn’t call or text. Give the furloughed employee a written Offer of Recall that documents: Return to work date. Terms of employment – Position, Supervisor, Responsibilities/Job description, Salary/hourly rate, Hours, and whether Exempt/Non-exempt … Continue reading

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#COVID-19 Finance + Technology = Fintech

One day soon, we will blog about Fintech and its role in today’s financial industries.  But right now. Need money in a hurry? Need to apply for a loan quickly and easily? Like an SBA loan? Have an I-pad, a … Continue reading

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#COVID-19 On The Mark – Get Set – Fund

It was truly a sad day when the SBA PPP loan program officially ran out of money last Thursday, April 16th. 349B$ approved by 4,975 lenders for 1,661,367 loans. More SBA funding for both the PPP and EIDL is around … Continue reading

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UPDTD #COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan

COVID-19 Paycheck Protection Program (CARES) Part 1 – The Loan UPDATED 04/08/2020 Coronavirus Aid, Relief, and Economic Security. CARES among many other things provides 349 Billion $$$ in forgivable loans used to pay employees and to a lesser extent, other … Continue reading

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