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 […]
PPP Flexibility Act of 2020 Passed
By Scott Lewis, CPA, MSA Over the past several months, the Paycheck Protection Program (PPP), has been fraught with general confusion and continually changing rules and guidance since its inception. This loan program was signed into law to provide relief to small businesses during the coronavirus pandemic as part of the $2 trillion Coronavirus Aid, […]
PPP Loan Forgiveness Application Is Released – Now What?
By Scott Lewis, CPA, MSA On Friday, May 15th, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. The form is to be filled out by all businesses who received proceeds from the PPP loans, and is to be sent to the lenders who funded these loans. The PPP […]