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The new Paycheck Protection Program rules, which created a review process and timeline for paying lenders, did not extend the time borrowers have to comply or increase how much money can be spent nonpayroll expenses.
May 24 -
The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
May 18 -
Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.
May 15Segment Wealth Management -
The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.
May 14Marist College -
Little-known provisions include the economic injury disaster loan program, the employee retention credit and even an option to defer some payroll taxes.
May 14 -
There's a great deal of help for businesses in the CARES Act and the FFCRA.
May 5Weaver -
Financial advisors, broker-dealers, custodians and other firms are trying to do their part amid a public health and economic crisis.
May 1 -
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
May 1 -
As soon as the program was announced, I not only advised my small business clients to apply; I also tried to figure out how to take advantage of it myself.
April 30Mercer Advisors -
My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors.
April 22