Financing Options after your PPP Loan runs out
This week, FEMA and the SBA re-opened the application process for the Economic Injury & Disaster Relief Loan (EIDL) program. EIDL has two components: A grant (or “advance”) of $1,000 …
Law
Congress Passes Amended PPP Loan Rules
Both Houses of Congress have now passed HR 7010 – The Paycheck Protection Program Flexibility Act of 2020. The President is expected to sign the bill into law shortly. Because …
PPP Forgiveness Guidelines Released
At long last, we have some definitive guidance to decipher what PPP loan forgiveness will look like. There is a lot of information to deciper in the application, and even …
PPP, Unemployment and Bringing Employees Back to Work
Now that many of you have received PPP funding and are bringing employees back onto payroll, we’re fielding a number of questions about how this pertains to unemployment, etc. Here …
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I’m getting a PPP Loan – How do I handle the money!?
Congratulations! You’ve applied for and are set to receive funds from the CARES Act’s Payroll Protection Program (PPP) Loan. Every bank is handling funds differently, but we know that some …
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COVID-19 Sick Pay Tax Credits
We have implemented the COVID-19 Sick Pay & FMLA earnings for many of you over the last couple of weeks. We’re now ready to let you know how the credits …
Information on the Coronavirus Aid, Relief and Economic Security (CARES) Act
On Friday, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The largest stimulus bill in American history, the $2 trillion package includes forgivable loans …
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Coronavirus Legislative Relief Update 3/27
It’s been another crazy week in Washington & Augusta. We’ve received a little more guidance on how to handle things, but we still don’t have answers to all of the …
Sick Leave & FMLA Tracking and Reimbursement
Last week, the Families First Coronavirus Response Act was signed into law. We’ve had a few days to digest this new law, and how it will impact you. There are still a …