Last night, the SBA released FAQs on the Paycheck Protection Program (PPP). These FAQs are linked here for your reference. Below are some highlights showing clarifications organized by question number
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In the latest effort to help small businesses and individuals, the CARES Act was announced last week. This past Wednesday, the Treasury Department provided the application with a subsequent revision
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The Department of Treasury just released the Paycheck Protection Program (PPP) application and supplemental information on their website. This program is designed to assist small businesses in keeping their employees
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With the increase of electronic communication and web traffic, there has been a rise in identity theft and fraud. Please be aware and cautious of the following: Websites purporting to
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On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The
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The Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. With a $2.2 trillion price tag, the bill is the most expensive piece of legislation ever passed. The
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*There is no longer a $1 million limit on the amount that can be deferred. It is unlimited now. Please see below for important updates regarding relief efforts that have
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President Trump Signs the Families First Coronavirus Response Act On Wednesday, March 18, 2020, the Senate passed the Families First Coronavirus Response Act (FFCRA), after which the bill was signed
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Please see below for important updates regarding relief efforts that have evolved over the last day or two. Plan to Send Checks to Americans Being Discussed But Still Evolving: In
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Many businesses are in their second regular business day after the President declared a national emergency on Friday. Federal, state and local governments bodies and agencies are also responding
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Dear Valued BMSS Clients & Friends, We understand you have been inundated by an overwhelming flood of information regarding coronavirus (COVID-19). We have been too. We understand you are concerned
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To Our Clients and Friends, First of all, we want to take a moment to express our gratitude that you have entrusted BMSS Advisors & CPAs to be your trusted
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