On October 7, 2020, the Small Business Administration issued a new rule for PPP loan borrowers who received $50,000 or less in proceeds. That new … [Read more...] about Applying for PPP Forgiveness with 3508S Form
PPP
Forgiveness for PPP Loans $50,000 or Less: The New 3508S Form
Yesterday, the Small Business Administration provided a simpler forgiveness application for PPP loans of $50,000 or less. The key simplification? A … [Read more...] about Forgiveness for PPP Loans $50,000 or Less: The New 3508S Form
Rubio’s New PPP Bill: The Two Minute Overview
Senator Marco Rubio’s new PPP bill, the “Continuing Small Business Recovery and Paycheck Program Program Act,” continues to inch along. And my hunch? … [Read more...] about Rubio’s New PPP Bill: The Two Minute Overview
Covid-19 Closures Killing Millions of Small Businesses
Some bad news, I’m afraid. Covid-19 closures appear to be killing millions of small businesses. That’s maybe not a huge surprise. Also, we’ve had … [Read more...] about Covid-19 Closures Killing Millions of Small Businesses
Sole Proprietorship PPP Loan Applications
I want to talk about sole proprietor PPP loan applications. More specifically, about PPP loans for sole proprietors who don’t employ other workers … [Read more...] about Sole Proprietorship PPP Loan Applications
PPP Loan Amount Increases
A week or two from now, you may get a chance to get a PPP loan amount increase. What you’re waiting for? To see whether Congress passes the … [Read more...] about PPP Loan Amount Increases
Sole Proprietor and Partnership PPP Tax Rules
Sole proprietor and partnership PPP tax rules get complicated. A sole proprietor who uses her or his PPP loan money to pay the owner probably … [Read more...] about Sole Proprietor and Partnership PPP Tax Rules
PPP Loan Amount Increases After-the-fact
The proposed “Continuing Small Business Recovery and Paycheck Protection Program Act” tweaks the Paycheck Protection Program in a bunch of … [Read more...] about PPP Loan Amount Increases After-the-fact
PPP Second Draw Loans
Congress will probably soon allow some borrowers to obtain a second PPP loan. Accordingly, I wanted to provide small business owners who need that … [Read more...] about PPP Second Draw Loans
How You Should Have Done Your PPP Loan
Hindsight is 20/20, the saying goes. But in most cases, hindsight doesn’t matter much. Knowing now that I should not have sold those Microsoft … [Read more...] about How You Should Have Done Your PPP Loan