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Webinar Recording -- Paycheck Protection Program Loans: Forgiveness Applications
May 28, 2020
Paycheck Protection Program Loans: Forgiveness Applications
BMD SBA Loan Team
Did You Know that Certain Expenses May Not Be Deductible if You Received a PPP Loan?
May 1, 2020
On April 30, 2020, the IRS issued a Notice stating that for Federal income tax purposes, certain expenses that would otherwise be deductible in a taxpayer’s trade or business may not be deductible if the taxpayer received a loan under the Paycheck Protection Program (“PPP”).
Tracy L. Albanese
Congress Passes Another Round of Coronavirus Relief for Small Businesses
April 24, 2020
On April 24, 2020, President Trump signed into law another round of coronavirus relief aimed at helping small businesses during this public health emergency. The bill contains a total of $484 billion in additional aid. The majority of funds in this bill are dedicated to replenishing the Paycheck Protection Program (“PPP”), which gives small businesses loans to cover payroll costs that could be forgiven if specific requirements are followed. Congress initially funded the PPP in March with $350 billion, but this amount was exhausted as of April 16, 2020.
Recap & Recording: CORONAVIRUS WORKFORCE WEBINAR
April 23, 2020
BMD Employment and Labor Member, Jeffrey C. Miller shared employer and workforce updates related to FFCRA, COVID-19, the Paycheck Protection Program, and gave participants an idea of what to expect in the coming weeks and months as America begins to reopen.
Jeffrey C. Miller
CARES Act Paycheck Protection Program Calculation Sample
March 31, 2020
Sample calculation for the Paycheck Protection Program.
BMD Business Crisis Response Team