Paycheck Protection Program FAQ: Are the qualified expenses still deductible? Each week we receive new guidance and updates on the SBA’s Paycheck Protection Program (PPP). If you are a loan recipient of PPP funds, this…

You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. 10 million+ American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are…

To keep your business solvent through the COVID-19 pandemic, stay focused on the 3 rules of cash: 1) Now versus later.  Cash now is better than cash later. Decreasing cash flow for many of your…

Additional Federal Funding for Small Businesses On April 21, the U.S. Senate reached a deal for a new COVID-19 pandemic relief bill. While not yet law, it is expected to be approved by the House and…

You received your Paycheck Protection Program loan. Now what? Business owners who were able to secure SBA funding from the Paycheck Protection Program (PPP) are beginning to receive their loan proceeds. A major benefit of…

The Federal Reserve announced a Main Street New Loan Facility among several actions aimed at pumping in another $2.3 trillion of financing into U.S. businesses. Here are the highlights of two lending programs aimed at…

As stimulus checks related to the coronavirus pandemic begin to arrive this week, the New Jersey Society of Certified Public Accountants (NJCPA) informs taxpayers who are eligible to receive the Economic Impact Payment that there…

On April 14, 2020, the SBA released a new interim final rule on the Paycheck Protection Program (PPP) and updated their Program FAQs. Among the new guidance is clarification for Schedule C filers and partners…