The U.S. Small Business Administration ("SBA") issued an Interim Final Rule on Affiliation on April 3, 2020, providing guidance on affiliation rules for purposes of determining the number of employees of an applicant to the Paycheck Protection Program ("PPP"). The PPP is a critical component of the … [Read more...] about SBA Affiliation Rules Waived for Faith-Based Organizations
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SBA Provides Guidance on Affiliation Rules for Paycheck Protection Program Loans
The U.S. Small Business Administration ("SBA") issued an Interim Final Rule on Affiliation on April 3, 2020, providing guidance on affiliation rules for purposes of determining the number of employees of an applicant to the Paycheck Protection Program ("PPP"). The PPP is a critical component of the … [Read more...] about SBA Provides Guidance on Affiliation Rules for Paycheck Protection Program Loans
SBA Issues Additional Guidance on Paycheck Protection Program
The U.S. Small Business Administration ("SBA") issued an Interim Final Rule on April 2, 2020, providing borrowers and lenders further guidance on the terms and conditions of Paycheck Protection Program ("PPP") loans available to small businesses as part of the CARES Act. Subsequent to this, the SBA … [Read more...] about SBA Issues Additional Guidance on Paycheck Protection Program
U.S. Treasury Department Issues Guidance on Paycheck Protection Program
Last night, the U.S. Department of the Treasury released new and updated information on the Paycheck Protection Program ("PPP"), which is a significant part of the CARES Act, signed into law by President Trump on Friday, March 27, 2020. The PPP provides small businesses and other eligible entities … [Read more...] about U.S. Treasury Department Issues Guidance on Paycheck Protection Program
CARES Act: Business Tax Provisions
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law after the legislation was passed with bipartisan support in the U.S. Senate and House of Representatives. The CARES Act includes substantial relief and stimulus benefits for … [Read more...] about CARES Act: Business Tax Provisions
CARES Act: Payroll Tax Provisions
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law after the legislation was passed with bipartisan support in the U.S. Senate and House of Representatives. The CARES Act includes substantial relief and stimulus benefits for … [Read more...] about CARES Act: Payroll Tax Provisions