Dec 09 PPP Second Draw Borrower Application Form
The Paycheck Protection Program Second Draw application can be found by clicking this PPP link....
Mar 23 Important Changes to the Employee Retention Credit
The Consolidated Appropriations Act, 2021 (CAA), was signed into law on December 27, 2020. Among many changes and updates to the prior legislation for COVID-19, this law clarifies and expands the Employee Retention Credit (ERC) that was created by the CARES Act. If your business did...
Mar 23 New PPP Guidance Issued by SBA
The U.S. Small Business Administration (SBA) and Treasury issued guidance late Wednesday night for the reconstituted Paycheck Protection Program (PPP). PPP2 Paycheck Protection Program funding is available to businesses that previously received a PPP loan. Businesses are eligible for a second PPP loan of up to $2...
Mar 23 Changes Coming to PPP
House and Senate working to increase PPP flexibility for small businesses Both the House and Senate are working to make changes to the Paycheck Protection Program (PPP). Last night, the House passed the Paycheck Protection Program Flexibility Act. The act makes several key changes to the PPP. ...
Apr 28 Congress Passes Long-Awaited Relief Bill
Congress has passed and President Donald Trump is expected to sign a $900 billion coronavirus relief package. The legislation includes a $300 weekly unemployment supplement, $600 direct payments and nearly $300 billion in Paycheck Protection program loans....
Apr 28 Lance Aligo Discusses PPP Loan Forgiveness on Popular Regional Business Podcast
Tune in and listen to KRS manager Lance Aligo, CPA, on the Strategies & Ideas for Business podcast as he discusses where things stand now with Paycheck Protection Plan loan forgiveness....
Apr 28 Paycheck Protection Program Second Round? What We Know Now
There has been a lot of media coverage regarding additional stimulus packages and a second round of Paycheck Protection Program funding (PPP2). No legislation has been enacted and no applications can be submitted, at time of release of this article....
Dec 09 Paycheck Protection Program Loan Forgiveness Application
PPP Loan Forgiveness Application form plus instructions for borrowers can be downloaded here. PPP Forgiveness Application...
Apr 28 KRS Insights Webinar: COVID-19 Relief and Payroll Protection Program Updates
The Payroll Protection Program was established by the United States Small Business Administration in 2020. Its main purpose was to provide relief for small businesses impacted by the Covid-19 pandemic....
Apr 28 Reminder: No RMDS This Year
The Coronavirus Aid, Relief and Economic Security (CARES) Act enacted to provide relief in response to the coronavirus (COVID-19) pandemic includes a provision to waive Required Minimum Distributions (RMDs) during 2020 for individual retirement accounts (IRAs) and retirement plans, including for beneficiaries with inherited...