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PPP

Stories tagged as "PPP"

PPP: While Congress Tries to Reach an Agreement, New Data Causing Concerns

Dec 18, 2020, 9:27 AM

If PPP2 passes, it'll be aimed at borrowers who exhausted the first round of funding. It also expands expenses that can be forgiven. Borrowers may need to be ready to move quickly if the bill passes.

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IRS and Treasury Say Businesses Can’t Deduct PPP Expenses

Nov 30, 2020, 2:50 AM

If you took out a PPP loan for your business because of the pandemic, you won’t be able to deduct those expenses on your taxes if your loan’s forgiven. So when it comes to your taxes and deductions for this year, you have a couple of options.

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Some Good News for Businesses with PPP Loans

Oct 9, 2020, 5:44 AM

The Small Business Administration announced some significant changes that should benefit business with PPP loans. There's also new guidance about mergers and acquisitions.

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Should You File for PPP Loan Forgiveness Now or Wait?

Oct 5, 2020, 8:40 AM

The loan forgiveness process has started, but the SBA hasn't said if it's approved or denied any applications. So, what’s the right thing for you and your business to do, apply now or continue to wait?

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New Guidance about PPP and Provider Relief Funds for Healthcare Providers

Sep 1, 2020, 3:29 AM

Centers for Medicare and Medicaid Services recently issued about Paycheck Protection Program loans and Provider Relief Fund payments related to cost reports.

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SBA Provides PPP Clarifications about Ownership and Rent and Mortgage Payments

Aug 26, 2020, 7:22 AM

The Small Business Administration earlier this week issued guidance about employee ownership, as well as rent and mortgage expenses when it comes to PPP loan forgiveness.

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PPP Lender Portal Now Open, Audits a Possibility for All Loans

Aug 24, 2020, 8:45 AM

The SBA has opened the portal for lenders to submit PPP loan forgiveness applications. Some businesses might be under the assumption that if their loan was less than $2 million, then they’re exempt from an audit. But that's not necessarily the case.

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More PPP Guidance from the Small Business Administration

Aug 14, 2020, 6:03 AM

The SBA's new rules provide more details about forgiveness appeals, how PPP loans and Economic Injury Disaster Loans interact, and vision and dental benefits.

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Overview of SBA’s Most Recent Round of FAQs

Aug 6, 2020, 5:04 AM

These FAQs are the first since the end of June and clear up a few more areas for businesses. However, there still some questions that remain.

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Is the Main Street Lending Program Right for Your Business?

Jun 19, 2020, 5:37 AM

There’s an alternative to the Paycheck Protection Program for businesses struggling or overwhelmed by PPP’s requirements and frequent changes. The Federal Reserve is offering the Main Street Lending Program and has recently expanded the program’s criteria.

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