IRS Says All Stimulus Checks Thus Far Have Been Sent. What If You Didn’t Get One?

The IRS said that it has issued all of the coronavirus relief checks that it is legally permitted to disburse and that people who haven’t received the full amount to which they are entitled can claim a…

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Employee Retention Credit Extended for Employers Who Keep Workers on Payroll

The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose…

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PPP Second Draw Loans

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw…

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What’s in the $900 Billion Pandemic Relief Package? – Updated

On December 21st, Congress passed a $900 billion pandemic relief package that was signed into law by the president on December 27th. The bill comes with a second round of direct stimulus payments…

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50,000 ‘Catch-Up’ Stimulus Checks to Go Out in September, IRS Says

The IRS announced that about 50,000 people will be receiving stimulus checks in September. The “catch-up” relief payments will go to those people whose initial Economic Impact Payment under the CARES…

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$15M added to NJ Grant Helping Small Businesses

Small businesses still waiting for state assistance may have a better chance at relief after Gov. Phil Murphy said his administration will offer another $15 million in grants. Murphy announced the third…

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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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