PPP Update: Two New Rules for Owners of S and C Corporations

PPP Update: Two New Rules for Owners of S and C Corporations

The PPP rules are still changing. During the past month, the SBA issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good news for the PPP: • More forgiveness. The $20,833 cap on corporate...
Still Time to Get $150,000 from the SBA

Still Time to Get $150,000 from the SBA

Can your business use an infusion of cash to deal with losses caused by the COVID-19 pandemic? The hugely popular federal Payroll Protection Program (PPP) that paid forgivable loans to millions of businesses ended on August 8 (although it could come back in revised...
Insights into the PPP Loan and Its Forgiveness

Insights into the PPP Loan and Its Forgiveness

We receive many questions about the PPP. Here are two of them with our answers. 1. Good Faith at the Time Question. What are your thoughts on the repercussions for business owners who acted in good faith based on the information available at the time and are now left...