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Here are the PPP Loan Forgiveness Changes
On Wednesday, June 3, the U.S. Senate passed the Paycheck Protection Flexibility Act (PPFA), which makes changes to the forgiveness aspect of the Paycheck Protection Program (PPP). These PPP loan forgiveness changes include tripling the time that small businesses and...
What is the New York Forward Loan Fund?
To help small businesses – especially minority and women-owned small businesses – that did not receive a Small Business Administration (SBA) Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loans (EIDL), Governor Cuomo announced the creation of the...
How to Apply for Forgiveness for a PPP Loan
On Friday, May 15, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application and instructions. The form and instructions inform borrowers how to apply for forgiveness for a PPP loan, consistent with the...
What are the Rules for CARES Act Payroll Tax Deferment?
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), businesses may defer payment of employer payroll taxes imposed between the enactment of this law (March 27, 2020) and December 31, 2020. Half of the deferred taxes are due by December 31,...
