UPDATE REGARDING THE PAYCHECK PROTECTION PROGRAM ROUND 2 (PPP2) (DECEMBER 26, 2020)

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December 26, 2020 Congress finally passed the new Covid-19 relief bill earlier this week.  Although the President has not signed it, the Payroll Protection Program (“PPP”) provisions of the bill are not expected to change.   It includes a new round of Payroll loans (PPP), or PPP2 as it’s being called.  PPP2 contains many similarities to the …

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UPDATE: UNEMPLOYMENT BENEFITS FOR SELF EMPLOYED & CARES ACT RELIEF (May 15, 2020)

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May 15, 2020 Dear Clients and Friends, The new $3 trillion coronavirus relief bill titled The Heroes Act is expected to pass the House of Representatives today.  However, it’s fate will be determined in the Senate.  The Act is expected to ultimately pass but with significant modifications.  It includes funding for additional economic Impact/stimulus payments, …

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UPDATE: SMALL BUSINESS PPP & SBA EIDL (April 22, 2020)

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April 22, 2020 Dear Clients and Friends, The Senate on Tuesday approved additional funding of $310 billion to replenish the Paycheck Protection Program (PPP), which provides forgivable loans to certain types of businesses struggling as a result of the pandemic. It is expected to be passed by the House Thursday and signed by the President.  …

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