AWFS’ legislative advocacy partner LobbyIt has shared this snapshot of the current state legislative landscape regarding PPP taxation at the state level. On the PDF, click on the bill number to go to a landing page with access to the bill language and other relevant details.
PRESS RELEASES SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application May 15, 2020 WASHINGTON—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness […]
Today, I asked Treasury Secretary Steven Mnuchin to issue clarifying guidance to ensure that small manufacturers can continue to benefit from the Paycheck Protection Program. NAM members have faced frustrating uncertainty recently around the potential for retrospective review of PPP loans, the program’s treatment of U.S.- and foreign-based employees and the deductibility of business expenses […]
Loan Forgiveness Under The PPP And SBA EIDL Programs: 10 Things Small Businesses Need To Know Please click here to read the full article posted by Forbes.com
Paycheck Protection Program (PPP) Loans Mark Henricks MAY 05, 2020 Over the weekend, the Small Business Administration announced that $175 billion of the second round of funding for Paycheck Protection Program (PPP) has already been given out. That means that less than $135 billion of the $310 billion authorized for the program by the latest stimulus bill remains. […]
The Paycheck Protection Program (PPP) was intended to be a way to provide funding to help small businesses meet critical needs such as payroll obligations and continued operations with loans that would be turned into grants if used appropriately. The Internal Revenue Service (IRS) recently issued guidance that states that any expenses related to forgivable […]
The Confusion Is Real: 5 Tips for PPP Loan Forgiveness There are helpful approaches, despite the unknowns. Ethan Karp Apr 30, 2020 Many of you have received Payroll Protection Program (PPP) funds from the Small Business Administration. If you haven’t, the second round will hopefully be your opportunity. There is still a tremendous amount unknown […]
HF Issue Alert: Increased Funding For PPP Official with President’s Signature As a reminder, yesterday the U.S. House of Representatives authorized $310 billion in additional funding for the Paycheck Protection Program (PPP), the U.S. Treasury administered loan program designed to keep employees on small company payrolls, by a vote of 388-5-1. Initial funding of […]
