The Coronavirus Aid, Relief, and Economic Security (CARES) Act enabled any taxpayer with required minimum distributions (RMD) due in 2020 from a retirement plan to forgo the RMD this year. This included 401(k), 403(b), and IRA plans. The IRS released Notice 2020-51, which states that...
The Small Business Administration (SBA) has issued a new interim final rule for determining payroll costs and owner compensation in calculating Paycheck Protection Program (PPP) loan forgiveness under the new 24-week covered period....
The Small Business Administration (SBA) has released a three-page “EZ” Paycheck Protection Program loan forgiveness application. The EZ Loan Forgiveness Application is meant to reduce the burden on smaller businesses and borrowers by requiring fewer calculations and less documentation....
Applications for Phase 2 of the NJEDA Small Business Emergency Assistance Grant Program will be made available on Tuesday June 9th at 9 am. Phase 2, which has $45 million available, offers larger grants (up to $10,000) and expanded eligibility to New Jersey’s small businesses,...
The Senate passed the House’s version of the Paycheck Protection Flexibility Act. The bill now goes to President Donald Trump, who is expected to sign it....
