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EIDL Program Updates
There has been much ado about round two of the Paycheck Protection Program (PPP) enacted in the Consolidated Appropriations Act signed into law on December 27, 2020 (Appropriations Act); however, the Appropriations Act also made significant and important updates to the Economic Injury Disaster Loan (EIDL) program as well, specifically adding a targeted EIDL Advance Program. Additional and Targeted Funding […]
SBA Releases New Forms For First And Second-Time PPP Applicants
Late last week the Small Business Administration (SBA) issued forms for the second Paycheck Protection Program (PPP) loan that is set to open to smaller lending institutions on Monday, January 11, 2021; Form 2483 – Paycheck Protection Program Borrower Application for first-time PPP borrowers and Form 2483-SD – PPP Second Draw Borrower Application for borrowers applying for a second PPP […]
SBA/Treasury Release Guidance On Revised PPP And Reopening Date
On Wednesday, January 6, 2021, the U.S Department of the Treasury released new guidance in the form of two Interim Final Rules (IFR) related to the Small Business Administration’s revised (SBA) Paycheck Protection Program (PPP) loan, specifically as it relates to second draw (PPP2) loans available under the revised PPP. The two IFRs titled Paycheck Protection Program as Amended by […]
COVID-19: SBA PPP Loans – Return Of The Paycheck Protection Program (PPP2)
Webinar length: 60 min. The revitalization of the Paycheck Protection Program loans (PPP2), and the ability for businesses to obtain a second loan, will bring some much-needed liquidity and relief to struggling businesses facing uncertain times as we head into colder months. Listen as our COVID-19 response team discusses: Eligibility for PPP2 Maximum loan calculations Expanded covered expenses NAICS 72 […]
Extension And Expansion Of The Employee Retention Tax Credit
The Employee Retention Tax Credit (ERC) was originally enacted as part of the CARES Act and is a refundable tax credit against an employer’s share of FICA taxes. It was designed to reward those companies who kept employees on the payroll. The Consolidated Appropriations Act, 2021 made a number of changes to the ERC in Sections 206 and 207 of […]
Return Of The Paycheck Protection Program (PPP2) – GBQ’s Comprehensive Guide
** This article, originally published on December 23, 2020 has been updated following the signing of the bill into law on December 27, 2020, and the release of new guidance from the U.S. Treasury Department on January 6, 2021.** On Wednesday January 6, 2021 the U.S. Department of the Treasury released new guidance in the form of two Interim Final […]
Deal Reach On $900 Billion Relief Bill (And The Impending Return Of PPP)
Late Sunday, December 20th, lawmakers reached an agreement on a $900 billion relief bill, including another round of the Paycheck Protection Program (‘PPP’). While votes were projected to take place today, Monday, December 21st, a copy of the bill was only recently released this afternoon. It is widely reported that the legislation includes $300 billion for the Small Business Administration […]
Working With Experts In The Age Of COVID-19
Webinar length: 60 min. COVID-19 has created an increasingly virtual world and shifted our approach to collaborating on litigation cases. Join Forensic & Dispute Advisory Services Director, Rebekah Smith, and Forensic & Dispute Advisory Services Manager, Mallory Ashbrook, as they discuss techniques to keep top of mind when collaborating and presenting on litigation matters during a pandemic, including: Interacting with […]
Nonprofit Boards Must Remain Vigilant As Long As The Crisis Continues
It’s been a tough year for nonprofits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play a special role in ensuring that it remains on track financially. In particular, the board should focus on two issues: 1. Budget variances Each month, the […]