Jun 4, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
Last night, June 3, 2020, the U.S. Senate passed the Paycheck Protection Program Flexibility Act of 2020, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The bipartisan...
May 16, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. Late on May 15, the SBA released Form 3508, Paycheck Protection Program (PPP) Loan Forgiveness Application. Included in the 11-page document are the...
May 14, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
Late Wednesday, May 13, the SBA added new FAQ #47 to their updated PPP Loan Guidance that PPP loans of less than $2 million will be deemed to have been made in good faith. Click here to view MCB’s article on FAQ #46. FAQ #47 is copied below, and simply states that...
May 13, 2020 | Business Planning, Closely Held Business, Coronavirus Updates, Coronavirus Updates, Employee Benefit Plans, Government Contracting, Not-for-Profit, Private Equity-SBICs and Venture Capital, Tax News
June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The SBA, in consultation with the Treasury Department, has just issued new PPP Loan Forgiveness Guidance and FAQs as of May 13, 2020. Specifically,...
Apr 14, 2020 | Coronavirus Updates, Coronavirus Updates, Tax News
As a follow-up to our article The Cares Act: Tax and Financial Help For Individuals And Businesses, Stimulus Checks for Individuals and Joint Taxpayers will be issued for up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each...
