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Senate Passes PPP Reform Bill: What to Know

By Daniel R. Steinmeyer, MBA, CPA June 5, 2020

The U.S. Senate on Wednesday passed a House bill to revamp the Paycheck Protection Program (PPP), giving a boost to small businesses and organizations trying to stay afloat during the coronavirus pandemic and resulting economic turmoil. The PPP allows businesses to apply for forgivable emergency loans, but its rollout wasn’t…

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Revised Application for Paycheck Protection Program Loans

By Daniel R. Steinmeyer, MBA, CPA April 3, 2020

The Small Business Administration has provided additional guidance regarding the Paycheck Protection Program.  In addition, they have made revisions to the Borrower Application Form.  Reference our Loan Application Checklist for additional information on what to prepare prior to completing the form. The Department of the Treasury website provides a copy…

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CARES Act Impact on Tax

By Lee Frank, MBA, CPA April 2, 2020

In response to the growing COVID-19 pandemic and its effects on the country’s economy, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27, 2020. The Act is filled with multiple efforts to support the economy while the country deals with job furloughs,…