Wednesday night, SBA & Treasury released new guidelines for PPP Loans. The guidance is in two interim final rules. The first is the Business Loan Program Temporary Changes; Paycheck Protection Program … Continued
On December 9th Pittsburgh Mayor Bill Peduto signed a Temporary COVID-19 Emergency Paid Sick Leave Ordinance. This gives certain workers in the city an additional 80 hours of paid sick time … Continued
This month The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action … Continued
The PA Department of Labor & Industry (L&I) amended the Minimum Wage Act to clarify requirements and update salary thresholds to reflect the current wages paid to Pennsylvanians working in executive, administrative, … Continued
On October 2, 2020 the IRS announced that it is extending the ACA deadline again for this year. Employers were originally required to furnish year 2020 form 1095-C and/or 1095-B … Continued
Payroll Tax Deferral Next Steps Earlier this week we sent an update regarding the Employee Social Security Tax Deferral. You can find a link to this notice here. Below we are … Continued
Late on Friday August 28, 2020 the IRS and the Department of Treasury issued long-awaited guidance on the payroll tax deferral that was issued by President Trump in a memorandum … Continued
On Saturday, President Trump signed an Executive order regarding a deferral for employee and employer Social Security tax. While these are not yet actionable as we are awaiting further guidance … Continued
On Tuesday the Small Business Administration released a sheet of FAQs regarding PPP Loan Forgiveness. The FAQs are very detailed and provide much needed clarification on a host of topics … Continued
As always, we’re keeping you abreast of the all the updates coming out of Washington regarding COVID-19 relief and PPP. After much anticipation, the Senate has released its latest effort … Continued
The PPP Flexibility Act (PPPFA) was signed into law by President Trump on January 5, 2020. Today the SBA and Department of Treasury have announced the publication of their 19th Interim … Continued
As promised, below you will find instructions for Phase 2 of the PPP Loan Forgiveness Report. Additionally, Trump just signed into law the PPP Flexibility Act of 2020. The full … Continued
The House voted 417-1 to allow more flexibility for the Paycheck Protection Program loan forgiveness. The Senate is expected to vote on the bill next week. Lawmakers are pushing for … Continued
The SBA has finally released the detailed PPP Loan Forgiveness Application. You can find the SBA Application here. Below are some clarifications and highlights. Some of the key items clarified include: … Continued
SBA Clarifies Today that Employers with Less Than 2 Million Will be Deemed to have Made a Good Faith Certification for the Necessity of the Loan. The SBA updated its … Continued