On December 27, 2020, the President signed a new stimulus package into law. In addition to a $600 payment to eligible individuals, the new stimulus package includes numerous relief programs and tax incentives for businesses. Notably, the stimulus package has modified and made additions to the Paycheck Protection Program. Here are seven highlights: Forgivable Expenses. …
Seven Things You Need to Know About the New Stimulus Read More »
https://www.youtube.com/watch?v=PywUIC6l8qk Congress appears to have an agreement concerning a second Coronavirus stimulus package totaling nearly $1 trillion. SNW will host an “emergency” webchat Wednesday, December 23, 2020 at 10:30 a.m. CST. The chat will be via Zoom and Facebook Live. Please RSVP to info@snw.law or monitor our Facebook page. An early analysis of the …
Congress Passes Second COVID-19 Legislation Including PPP Boost Read More »
On Wednesday, June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the ”Act”), which the President signed into law on June 5, 2020. This Act significantly changes the Paycheck Protection Program. Note, we expect additional regulations to modify or clarify aspects of this Act, as was the case with the PPP. …
The Small Business Administration has unveiled the Paycheck Protection Program Loan Forgiveness Application. The application offers the first set of significant guidance regarding loan forgiveness under the program including expected documentation, changes to certain definitions, and processes for numerous calculations involved in the determination. Access to such information allows for a tremendous opportunity for proper …
SBA Releases PPP Forgiveness Application, Providing Guidance Read More »
