Business

SBA Revises Guidance on PPP Loan Forgiveness, Updated Application Released
On June 11th, the Small Business Administration (SBA) released a revised Interim Final Rule covering the PPP Loan forgiveness process based on the new legislation included in the PPP Flexibility Act. This…
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Paycheck Protection Program Changes on the Horizon
Last night, the Senate passed new PPP legislation called the Paycheck Protection Program Flexibility Act, which was passed by the House last week. It now heads to the President’s desk where he is expected…
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Loan Forgiveness Application Released for Paycheck Protection Program
On May 15th, the Small Business Administration (SBA) along with the U.S. Department of the Treasury released the long awaited Paycheck Protection Program Loan Forgiveness Application along with detailed…
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SBA Provides Guidance on How it Will Review Borrowers’ Economic Necessity Certifications
On May 13, 2020, the SBA updated its Frequently Asked Questions, adding Question 46 which provides some guidance on how the SBA will review borrowers’ economic necessity certifications. There is good…
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Paycheck Protection Program & Health Care Enhancement Act Details
The latest coronavirus funding bill, officially known as H.R. 266 “Paycheck Protection Program and Health Care Enhancement Act,” was signed by President Trump on Friday, April 24, 2020, after being passed…
Continue ReadingThe Benefits of Outsourced Accounting
Outsourced accounting strikes some as risky – the financial equivalent of letting the valet park your car or someone else watch your kids. They don’t care the way I do. They’re too removed to spot…
Continue Reading3 Tips for Choosing a Business Entity
Entrepreneurs face formative decisions daily, but one decision in particular has serious implications for the future: choosing a legal structure, also known as a business entity. This decision determines…
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Employers Can Fund Workers’ Individual Plans Under New Rule
More employers will be able to give workers cash in lieu of health insurance because of a rule change that takes effect at the start of 2020. As of Jan 1, any employer can give employees pretax compensation…
Continue ReadingQualified Opportunity Zones: Guidelines for Developers
Congress designated Qualified Opportunity Funds in 2017 with a win-win goal: To spur growth in 8,700 distressed communities, known as Qualified Opportunity Zones, via investment vehicles offering attractive…
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Mergers & Acquisitions Trends
If you’re noticing an uptick in mergers & acquisitions (M&A) activity, you’re not alone: 79% of respondents in Deloitte’s annual survey anticipated an increase in M&A transactions in 2019 – up from…
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