Maryland Accesses Rainy Day Fund for $250 Million of New Economic Relief

Maryland Accesses Rainy Day Fund for $250 Million of New Economic Relief

Hugh Vivian Business Management, Coronavirus Leave a Comment

The state of Maryland is dipping into its Rainy Day Fund to add $250 million to the state’s emergency economic relief efforts for small businesses. The additional relief adds to …

PPP forgiveness guidance

New SBA Guidance Clears the Way for a Simpler PPP Loan Forgiveness Process

Tristan F. Spence, CPA, CVA Business Management, Economic Update Leave a Comment

On August 11, when we last wrote about the Personal Paycheck Flexibility Act, the window for PPP loan forgiveness applications had just started to open. But, as we indicated at the …

As the PPP Forgiveness Window Opens Businesses Should Wait-and-See

Tristan F. Spence, CPA, CVA Business Management, Economic Update Leave a Comment

The week of August 12 marked the first week that the Small Business Administration would be accepting applications for PPP loan forgiveness. But businesses are being advised not to jump …

new cares act

Republican Senators Propose Version of New CARES Act

Tristan F. Spence, CPA, CVA Business Management, Coronavirus Leave a Comment

After a couple of weeks of intra-party squabbling, Senate Republicans released the details of it proposed coronavirus aid sequel. It now faces a stonewall of Democrats who passed their own …

easier loan forgiveness

Small Businesses Now Have an Easier Option for PPP Loan Forgiveness

Hugh Vivian Business Management, Coronavirus Leave a Comment

In response to the Paycheck Protection Program Flexibility Act of 2020 (PPPFA), the U.S. Small Business Administration has revised its loan forgiveness application for PPP loans. This revision comes on …