Sep 3, 2020 | Finance, Government
By Demetrius Robinson We are now two-thirds of the way through 2020 with a majority of the year being spent navigating through the coronavirus pandemic. Not only has COVID-19 affected the health of people across the United States, but it has also had a major impact on... Aug 29, 2020 | Employment, Finance, Government
By Demetrius Robinson Late Friday night, the Treasury Department released guidance to employers on implementing the payroll tax deferral under President Trump’s Presidential Memorandum. On Aug. 8, 2020, the President directed the Secretary of the Treasury to defer the... Aug 28, 2020 | Finance, Government
By Kevin O’Connor & Jennifer Hart This week, the Small Business Administration (SBA) and Treasury Department issued an interim final rule that once again updated the parameters for forgiveness of Paycheck Protection Program (PPP) loans. Specifically, the new... Aug 22, 2020 | Finance, Government
By Scott Norcross A next round of stimulus is imminent. The questions is, when it will come? It seems there is universal agreement that there will be a second round of $1,200 stimulus checks, and this round will be more direct for Americans. In March, stimulus checks... Aug 21, 2020 | Finance, Government
By Demetrius Robinson Recently, the Federal Reserve announced an expansion of the Main Street Lending Program (MSLP) and an extension of the program through Dec. 31, 2020. The Main Street Lending Program was originally established under the CARES Act in order to... Aug 14, 2020 | Finance, Government
By Jennifer Hart The Paycheck Protection Program was a lifeline for many businesses during the early weeks of the COVID-19 pandemic. And while the application for forgiveness was released back in May (and revised in June), the SBA didn’t open its portal to lenders... 