News Category: COVID Updates

Image of a computer keyboard with a key that reads "PPP Paycheck Protection Program"
March 1, 2021

PPP Exclusive 14-Day Small Business Window in Process Now

The White House announced Monday that beginning February 24 and ending March 9, an exclusive 14-day window would open up for … Read more…

January 23, 2021

Don’t Miss Out on Next Wave of PPP Funding

The enactment of the Consolidated Appropriations Act of 2021 (CAA) has provided much needed relief to struggling business owners in … Read more…

January 8, 2021

The Paycheck Protection Program (PPP) will Reopen Monday

Round 2 of PPP loans will become available on Monday, January 11, 2021, for first-time borrowers. For second-time borrowers, Round … Read more…

Photo of PPP Loan Forgiveness application form
September 30, 2020

Timelines for PPP Forgiveness Causing Confusion for Tax Planning

The Paycheck Protection Program (PPP) has provided businesses with much needed relief from the economic impact of the COVID-19 pandemic … Read more…

Image of a computer keyboard with a key that reads "PPP Paycheck Protection Program"
September 10, 2020

New PPP Guidance and Next Steps

August was another very busy month in the world of PPP loan forgiveness.  This is the timeline of the information … Read more…

Gold logo of the Department of Health & Human Services on blue background
August 27, 2020

New Audit Requirements Under the HHS Provider Relief Fund

A definitive answer has been provided by the U.S. Department of Health and Human Services (HHS) regarding the audit requirements … Read more…

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August 27, 2020

AICPA Requests Guidance, Clarity on Executive Order for Payroll Tax Deferral

On August 8, President Donald Trump signed an executive order authorizing a temporary payroll tax deferral for American workers. The … Read more…

Business owner working on laptop calculating ppp loan forgiveness numbers
August 5, 2020

PPP Loans: Accounting & Financial Reporting Considerations for Business Entities

The Paycheck Protection Program (PPP) has been a savior to many companies, but it has also certainly come with its … Read more…

Photo of printed financial reports
August 5, 2020

PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP

Image of a computer keyboard with a key that reads "PPP Paycheck Protection Program"
July 14, 2020

PPP Loan Application Process Extended