Monday, June 8, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team In response to comments that the Main Street Lending Program was not responsive enough for many small businesses to be able to participate, the Federal Reserve Board has just announced meaningful expansions of the program. Per Federal Reserve Chair Jerome H. Powell, the …
Thursday, June 4, 2020 In response to the recently passed Paycheck Protection Flexibility Act (PPFA), our COVID-19 Response Team has updated our frequently requested Forgiveness Calculator. Our new June Update Loan Forgiveness Calculator includes the recent changes from the PPFA, including FTE calculations. The PPFA is pending final signature from the President (as of 5:15 …
JUNE UPDATE: Estimated Loan Forgiveness Calculator Read More »
By Chuck Mullen, Chairman I recently saw a meme of Back to the Future fare where Doc told Marty “whatever you do, don’t go to 2020.” Heck, the troubles have come so fast and furious, Doc could just have accurately said “don’t go to 2nd quarter 2020.” Two major crises have struck our country in less than …
Be the Change: AGP’s Response to the George Floyd Tragedy Read More »
June 3, 2020 On June 3, 2020, the Senate, by unanimous consent, cleared the bill the House passed on May 28th to extend the Paycheck Protection Program (PPP). The President is expected to sign the bill soon. The bill known as the Paycheck Protection Flexibility Act (H.R. 7010) includes the following provisions: Extends the PPP …
The Paycheck Protection Flexibility Act Awaits the President’s Signature Read More »
Award-winning public speaker Lisa Ryan is joining Chuck & Brittany virtually this week to discuss her brainchild – Grategy. A company’s “gratitude strategy,” or Grategy, is a method of appreciating employees to increase engagement and decrease employee turnover. But how can companies appreciate employees remotely? Lisa discusses different Grategies in a COVID-19-Work-From-Home world and how …
Tuesday, May 19, 2020 SBA’s newest Interim Final Rule, posted on May 18th, clarifies that borrowers must count all employees, both foreign and domestic, for purposes of the size limitations of the PPP, subject to certain exceptions to affiliation. The IFR follows closely after the SBA and U.S. Department of Treasury published FAQ 44 on …
Monday, May 18, 2020 By Kathy Davis, CPA | COVID-19 Response Team On May 15th, the SBA released the application that borrowers must use to determine the amount of the loan that may be “forgiven” by their lender. There are still unknown items, for which we expect additional guidance, but we will highlight a few …
Release of SBA Paycheck Protection Program Loan Forgiveness Application Read More »
