Recent News

Last week additional guidance about the Paycheck Protection Program came out for sole proprietors and independent contractors.  Pay close attention to these requirements as they are different from those for small companies or partnerships.  Although sole proprietors...

Over the last two days we have received a slew of questions about how partnerships are treated in the Paycheck Protection Program. Not as much guidance exists for partnerships, but they were addressed in the Interim Final Rule issued on April 14th.  If you have a...

Today I hosted my first-ever webinar, and it was a success – I was having a good hair day! It provided participants a prime opportunity to get acquainted with the new PPP regs and rules, which, like all things governmental, have been in constant flux so far.  We...

You have probably seen on the news that the funds for the Paycheck Protection Program loan program have been exhausted.  What does that mean for you?  If you’ve already applied but have not heard back from your lender, hold tight.  You may still have been approved and...

One of the appealing features of the Paycheck Protection Program is that the loans from the program can be forgiven if certain requirements are followed.  As discussed earlier, those requirements include maintaining the same number of full-time equivalent employees in...

Your Paycheck Protection Program loan funds are finally here.  Think before you spend them! Remember:  to get a portion or all of the loan forgiven, you’ll have to prove that the funds went to approved expenses.  Also remember: even weeks of self-quarantine with...

Before you received your Paycheck Protection Program loan or any other loan, you might have had to lay off some or all your employees. Well, now is the time to get them ready to come back!  But you may think your business is not conducive to remote work.  Hair...

The Paycheck Protection Program is designed to protect paychecks and keep people employed in a time when government-mandated restrictions have closed businesses or drastically reduced a business’s income.  The act requires borrowers to maintain a certain number...

Beginning today, April 10, 2020, Sole Proprietors and Independent Contractors can apply for Paycheck Protection Program funds.  Here’s what you need to know: You can apply for 2.5 times your average monthly payroll costs. Payroll costs for sole proprietors and...