Current Climate of the SBA’s PPP Loan Forgiveness Program
By Adam Rosenfield The Small Business Administration’s Paycheck Protection Program (PPP) has changed many times since its release, with more than 20 interim final rules (IFRs) and many revisions to these IFRs. The Paycheck Protection Program Flexibility Act (PPPFA), signed into law on June 5, amends the original PPP act significantly. Most significant is the […]
Latest News on the Constitutional Validity of the Patient Protection and Affordable Care Act (ACA)
By Scott Lewis, CPA, MSA To our clients and friends: The Supreme Court recently agreed to hear a case this fall that could determine the constitutional validity of the Patient Protection and Affordable Care Act (ACA). The court likely will not issue its ruling until spring or summer of 2021, at the earliest. The Court […]
Coronavirus Aid, Relief, and Economic Security (CARES) Act
By Jennifer Kobylarz, CPA, MST The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump on March 27, 2020. The $2.2 trillion stimulus package aims to provide aid for workers, small businesses, and industries impacted by the recent Covid-19 pandemic. We will be providing a series of articles covering […]
(CARES) Act: Mid-Sized Business Assistance
By Jennifer Kobylarz, CPA, MST The Act deems businesses with employee counts between 500 and 10,000 to be mid-sized businesses. The Act allows for direct loans with interest rates not to exceed 2%. Furthermore, no interest or principal payments will be due for the first six months. A good faith certification of the follow must […]