CARES Act: Employer Payroll Tax Deferrals

You may have filed an application for a Paycheck Protection Program (PPP) loan, but there is another option in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that you can start taking advantage of right now. It is the deferral of the employer’s portion...

Paycheck Protection Program (PPP) Revived

Pandemic relief efforts have been revived today, as the U.S. government passed a rescue package totaling $484 billion to help small businesses and hospitals, and expand COVID-19 testing. The package includes an additional $310 billion for the Paycheck Protection...

Paycheck Protection Program (PPP) Initial Funding Depleted

The U.S. Small Business Administration (SBA) announced on Thursday morning the Paycheck Protection Program (PPP) funds of $349 billion have been depleted. More than 1.6 million applications had been approved in just under 2 weeks. Thousands of business owners must now...