Are you a manufacturer whose employee-headcount meets SBA “small business” size thresholds? If the answer is “Yes,” then you are in luck: the PPP loan program still has money to lend, and the application period has been extended to August 8th. Continue reading
IRS Notice 2020-32 interprets the PPP loan forgiveness provisions to reduce the ordinary business deductions by the amount of the forgiven loan. This gets most businesses to nearly the same position as if they had not received the CARES Act tax benefit at all. Continue reading
The SBA’s Paycheck Protection Program (PPP) is expected to get more funding from Congress, today. Continue reading
The Small Business Administration has issued regulations for the Paycheck Protection Program. Continue reading
Small PMA manufacturers may be eligible for forgivable payroll loans under the Senate’s Paycheck Protection Program. Continue reading
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