THE SBA HAS RE-OPENED THE EIDL APPLICATION PORTAL
If you have not applied for or received an Economic Injury Disaster Loan (EIDL) advance payment or loan, but you need additional financial relief, you can now apply once again through the Small Business Administration (SBA) online... Read More
FAMILIES FIRST CORONAVIRUS RESPONSE ACT
Congress passed emergency legislation (HR 6021) that allows for additional benefits to employees in this crisis. Eligibility for these benefits is restricted to issues related to the COVID-19 crisis. We expect there will be guidance and clarification on many issues... Read More
FAMILIES FIRST CORONAVIRUS RESPONSE ACT
Congress passed emergency legislation (HR 6021) that allows for additional benefits to employees in this crisis. Eligibility for these benefits is restricted to issues related to the COVID-19 crisis. We expect there will be guidance and clarification on many issues... Read More
PAYROLL PROTECTION PROGRAM EXAMPLE CALCULATIONS
The following are simply a few made up examples of how the forgiveness program works, which is how you determine your ultimate pay back responsibility. It is obvious that the many variables in the program can change how this loan works. Sample Calculation #1 You... Read More
COMPLETING THE PPP APPLICATION
A sample application can be found here. For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly... Read MoreRecent Posts
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