(authored by RSM US LLP) Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to…
On October 2, 2020, The Small Business Administration issued Notice 5000-20057 outlining specific reporting procedures that are required for entities that have received Paycheck Protection…
On September 19, 2020, the U.S. Department of Health and Human Services (HHS) updated their Post-Payment Notice of Reporting Requirements from August 14, 2020 (the…
(authored by RSM US LLP) Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, they sanctioned much-needed relief payments to healthcare providers across…
The Paycheck Protection Program (PPP) is slowly coming to an end from a borrowing perspective – businesses have until August 8, 2020, to apply for…
On June 3, 2020, the Senate passed the House legislation (H.R. 7010 – Paycheck Protection Program Flexibility Act of 2020) that amends the Paycheck Protection…
On Wednesday, May 13th, the SBA released additional guidance on PPP loan forgiveness. In this update, we will provide information on the newly issued FAQ-46…
When you think about the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), you probably associate it with the stimulus checks sent to…
The Coronavirus Aid, Relief and Economic Security (CARES) Act provided $50 billion of funding to help providers as they face falling revenue and increased costs…