SBA

Has the Paycheck Protection Program outlasted its usefulness?

Two AGL CPA partners developed the tool to assist CPA firms and clients in navigating the Paycheck Protection Program.

Bill Smith, managing director of the National Tax Office of CBIZ MHM, discusses the loan forgiveness provisions of the PPP, along with the employee retention credit, net operating loss carrybacks and economic impact payments, along with the prospects for the next round of stimulus in Washington.

The House voted Thursday to give small businesses financially strapped by the COVID-19 crisis more flexibility to spend forgivable loans for payrolls and expenses from the government’s popular Paycheck Protection Program.

The SBA’s form clarifies some issues, but still leaves questions to be answered.

The release of the SBA's loan forgiveness application highlights the questions that remain around the Paycheck Protection Program.

The Treasury Department and the Small Business Administration released an interim final rule after posting the loan forgiveness application.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

Ten pandemic-related technology developments from the past month, and how they’ll impact your clients and your firm.

Padgett Business Services’ Roger Harris suggests some exceptions for employers with fewer than 50 staff.

We have all spent so much time and energy applying for the Paycheck Protection Program, trying to interpret and decipher the intent behind the words.

The American Institute of CPAs offered suggestions on how the federal government’s Paycheck Protection Program should deal with forgiving loans.

Payroll giant Paychex is partnering with Biz2Credit, Fundera and Lendio to help small businesses apply for the new funding offered by the U.S. Small Business Administration’s Paycheck Protection Program.

Treasury Secretary Steven Mnuchin says the additional funding Congress approved Thursday to help small businesses survive the coronavirus pandemic should be the last round, but advocates fear it’ll run out quickly and won’t be enough for mom-and-pop shops struggling to stay open.

While the new stimulus package provides much-needed additional funding for the Paycheck Protection Program, it made no significant changes to the process of qualifying for a loan.

Major changes are required in client services, delivery models, staffing practices and management.

Almost 1.2 million applications have been made since the launch of the program on April 3.

Small businesses are dealing with frustrating delays and changing guidance in applying for and receiving help from the Small Business Administration in its new Paycheck Protection Program.

PayPie is offering access to its network of Small Business Association-authorized lending partners to businesses seeking funds through the SBA Payroll Protection Program during the COVID-19 pandemic and economic slowdown.

Those of us that were early movers now have to re-apply using the new, “streamlined” EIDL application platform provided by the SBA.