MAY 6, 2020 In the May 5th update of the Paycheck Protection Program Frequently Asked Questions, the Trump Administration announced that it would be extending the deadline for borrowers to return Paycheck Protection Program loans by one week from May
MAY 5, 2020 *Please seek out latest guidance on our website as this information is updated frequently* The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and
MAY 4, 2020 On April 30, 2020, The Federal Reserve issued further guidance and eligibility requirements surrounding its Main Street Lending Program (MSLP), which was first announced on April 9. There are some notable changes to the MSLP include the
MAY 1, 2020 On April 30, the IRS issued Notice 2020-32 providing guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan (covered
MAY 1, 2020 The IRS released an advance version of Notice 2020-32 offering guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan
APRIL 30, 2020 On March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act), a $2 trillion stimulus package intended to help mitigate the economic devastation caused by the coronavirus. The
APRIL 30, 2020 On March 14, Brown Edwards sent our first message to our clients regarding the COVID-19 crisis. It’s hard to believe that was almost 7 weeks ago. As we move into May, we wanted to give you an
APRIL 28, 2020 One of the most highly publicized relief options in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that small businesses and sole proprietors have benefited from is the Paycheck Protection Program (PPP). The PPP authorized $349
APRIL 24, 2020 Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide relief in response to the novel coronavirus (COVID-19) pandemic. The $484 billion
APRIL 23, 2020 In April 2020, the IRS released several pieces of guidance providing taxpayers with the ability to receive immediate cash flow benefits and implement tax-planning opportunities associated with changes made to depreciation under the Coronavirus Aid, Relief, and
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