PPP

September 24, 2020

IRS Says No Information Returns When PPP Loans Are Forgiven Under CARES Act

The IRS has announced that lenders who make Paycheck Protection Program (PPP) loans that are later forgiven under the Coronavirus Aid, Relief, and Economic Security Act (CARES […]
October 14, 2020

PPP Update: SBA and Treasury Announce De Minimis Exemption from Forgiveness Reduction and Simplified Forgiveness Application for Borrowers of $50,000 or Less

The Treasury Department and the Small Business Administration (SBA) have announced the release of a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 […]
October 15, 2020

PPP Update: Loan Forgiveness Application Deadline Clarified

The Treasury Department and the Small Business Administration (SBA) have updated the Paycheck Protection Program (PPP) Loan Forgiveness  FAQs to provide clarification regarding the loan forgiveness […]
October 27, 2020

State Guidance on Whether COVID-19 Telecommuters Create Nexus

In response to COVID-19, some states have issued specific guidance on whether telecommuting employees temporarily working in a state due to the impact of COVID-19 create […]