The Consolidated Appropriations Act

The Consolidated Appropriations Act

$284 Billion for Small Businesses PPP Round 2.0 While the official rules and regulations have not yet been released, below are some high-level points regarding PPP Round 2.0. Applicants must have fewer than 300 employees. The business applicant must have revenue...
2021 Spending Bill – Tax Provisions (Part 2)

2021 Spending Bill – Tax Provisions (Part 2)

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (the “Act”) into law, which funds the government for 2021. Tax-related provisions include temporary and permanent extensions of expiring tax credits and provisions and a temporary...
2021 Spending Bill – COVID Provisions (Part 1)

2021 Spending Bill – COVID Provisions (Part 1)

On December 21, 2020, Congress released the Consolidated Appropriations Act, 2021 (the “Act”), which funds the government for 2021 and contains many tax-related provisions. If signed into law, the Act will be one of the largest spending measures ever passed by...
2020 Points on PPP Forgiveness Application

2020 Points on PPP Forgiveness Application

What application should I use? There are currently three different SBA PPP Forgiveness Applications a borrower must choose from. Applications are submitted directly to the lender who disbursed the PPP funds. Form SBA 3508 – Loan Forgiveness Application. Form SBA...