Month: April 2020
Small businesses should be aware of the legal and regulatory risks regarding eligibility for Paycheck Protection Program loans
The SBA now notes that any business that received a PPP loan who believes they do not demonstrate the necessity for it can repay by May 7.
An additional $484 billion in COVID-19 assistance is now available, including $310 billion in new money for the Small Business Administration’s Paycheck Protection Program. But you must act before it is gone.
The IRS recently released an FAQ related to the CARES Act provision allowing employers to defer their portion of Social Security taxes payable on employee wages.
The IRS announced on April 9 additional automatic extensions of time to file certain tax returns and pay any taxes due.