On March 30, President Biden signed the PPP (Paycheck Protection Program) Extension Act of 2021 into law. This action means the PPP loan application deadline has been extended to May 31, 2021, for those eligible to apply for both First and Second Draw loans. The...
The Biden administration recently announced a 14-day period of the U.S. Small Business Administration’s (SBA) Payment Protection Program (PPP) when only businesses with fewer than 20 employees can apply for relief. This alteration of the PPP loan rules to benefit the...
It was recently announced by the U.S. Small Business Administration (SBA) that beginning the week of January 11, the Paycheck Protection Program (PPP) will re-open for new borrowers and certain existing PPP borrowers. According to the SBA, only community financial...
For most of last year, nearly every aspect of our lives was affected by the coronavirus pandemic. Not surprisingly, issues stemming from COVID-19 were among our most popular business payroll and HR blog posts of 2020. From helping employees through federal and state...
The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simpler PPP loan forgiveness two-page...