COVID Relief Assistance

Second Draw PPP Loan Application Released by SBA

On January 8, 2021, the U.S. Small Business Administration (SBA) released the Second Draw Borrower Application Form, SBA Form 2483-SD, for…

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First Draw PPP Loan Application Eligibility and Requirements

On January 8, 2021, the U.S. Small Business Administration (SBA) released the Borrower Application Form, SBA Form 2483, for businesses applying…

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Webinar: Unpacking PPP Updates from the Latest Stimulus Bill

The Consolidated Appropriations Act, 2021 (the Act) was passed by Congress on December 21 and includes some significant changes to…

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Tax Implications of PPP Funds Finally Align with Congressional Intent

On December 20, 2020, Congress agreed to terms of the Emergency COVID Relief Act of 2020 (the Act). The Act,…

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CARES Act Enhances Ability to Claim Charitable Deductions for Donated Food Inventory

With the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law on March 27, 2020, Congress added…

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AICPA Pushes Back on PPP Loan Necessity Questionnaire Response backed by 80 National Organizations

We previously discussed the U.S. Small Business Administration’s (SBA) issuance of two loan necessity questionnaires, Form 3509 (used by for-profit entities) and Form 3510 (used by nonprofit entities). This issuance was the first…

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PPP Loan Forgiveness Application Road Map

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Maximizing the Employee Retention Credit – Determining Qualified Wages

If you aren’t familiar with the Employee Retention Credit (“ERC”), then you’ve come to the right place. We’re breaking this…

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Healthcare IT Trends in the Age of COVID

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IRS Issues New Guidance on Reporting PPP Loan Forgiveness

As more recipients of the PPP loan take steps towards receiving the loan forgiveness provided through the CARES Act, the…

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