PPP Update for Schedule C Filers
The SBA announced changes late on March 3rd to the PPP in the attached interim final rule that can impact schedule C filers. These borrowers…
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Mar 09, 2021
News
Tag: PPP
Dec 31, 2020
BMSS Presents: An Overview of the New COVID-19 Stimulus Law
On December 20, 2020 Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the…
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Dec 22, 2020
Congress Agrees Upon New COVID-19 Relief Bill; Trump Signs Bill into Law
Late on December 20, 2020, Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to…
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Dec 16, 2020
DCAA Audits Post COVID-19
Government contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to…
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Nov 24, 2020
Tax Implications of PPP Loans
Some small businesses may be hit with a surprise tax bill related to Paycheck Protection Program (PPP) loans unless Congress acts soon. If you have…
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Nov 19, 2020
IRS Releases Guidance Regarding Deductibility of PPP Loan-Related Expenses
When the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not…
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Sep 16, 2020
The Current State of the PPP: What You Need to Know Now About Your Loan
The Paycheck Protection Program, which was established by the CARES Act, was created to provide small businesses with funds…
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Jul 30, 2020
Latest Developments on PPP and the Forgiveness Process
For most of you who received Paycheck Protection Program (PPP) loans under the CARES Act, the receipt of these funds provided a lifeline to your…
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Jul 14, 2020
Why You May Not Want to Rush Your PPP Loan Forgiveness Application
In a nutshell, details are still being worked out by the Small Business Administration (SBA), the U.S. Treasury Department and lenders. Until those details are…
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Jun 04, 2020
Senate Passes the Paycheck Protection Program (PPP) Flexibility Act of 2020
Late Wednesday, the Senate passed the House version of the Paycheck Protection Program (PPP) Flexibility Act of 2020 which triples the time period for PPP…
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