August 7, 2020 - On August 4, the Small Business Administration (SBA) released additional FAQs on Paycheck Protection Program (PPP) loans. They include information applicable to business owners, independent contractors, self-employed individuals,...
UPDATED: June 18, 2020 - The SBA recently issued additional guidance regarding the Paycheck Protection Program (PPP), along with a revised loan forgiveness application and instructions. Click here for the revised application and here for the...
May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a mix of optimism and concern regarding employee safety and the health of the economy. Nonprofits are no different. Many nonprofits nationwide have...
May 14, 2020 - In the constantly evolving world of PPP loan guidance, the SBA has released another Interim Final Rule (IFR) that provides guidance regarding PPP loan increases for certain partnerships and seasonal employers. Many PPP loans were...
UPDATED: May 14, 2020 - An additional extension has been granted until May 18 for companies to return their PPP loan if there is any question that the certification was made in โgood faith.โ The article below reflects the new extension. On May...
UPDATED: May 1, 2020 - 11:44 a.m. On April 30, 2020, the IRS issued Notice 2020-32 which provides guidance regarding the deductibility of expenses related to tax-free loan forgiveness from the Paycheck Protection Program (PPP). The Notice...
UPDATED: May 8, 2020 at 4:19 p.m. A lot has changed over the last six weeksโwhile business owners have been focused on navigating their business operations under new circumstances, many workers have found themselves navigating the application...
March 23, 2020 - The Minnesota Department of Employment and Economic Development (DEED) has shared information about the U.S. Small Business Administration (SBA) Economic Injury Disaster Loans which are now available for Minnesota businesses.
