Didn’t Receive a PPP Loan? Employee Retention Credit and Other CARES Benefits Available

If your business didn’t qualify for or secure a PPP loan, there are several other tax benefits provided by the CARES Act.  Here we’re going to take a closer look at some of the most advantageous programs available.

2021-05-06T15:14:26-04:00May 26, 2020|Categories: COVID-19 Business Resources, PBMares COVID-19 Insights|Tags: |

PPP Loan Forgiveness Application Released: What Documents Businesses Should Maintain

As a large portion of PPP loans have been disbursed and more funds on their way to businesses in need, SBA and Treasury have now turned their attention to the forgiveness portion of the PPP program.

PPP Loan Forgiveness Application Released: What Do Business Owners Need to Know?

On Friday evening, May 15, the SBA released the much-anticipated PPP Forgiveness Application.  Though we still await a new Interim Final Ruling relating to forgiveness, the application provides answers to some of our most frequent questions.

2021-05-06T15:15:06-04:00May 18, 2020|Categories: PBMares COVID-19 Insights, PBMares COVID-19 News|Tags: , |

Webinar Recording: Are You Struggling With Your PPP Loan?

View recording and slides. This webinar covers Paycheck Protection Program (PPP) loan forgiveness and loan management, helping you navigate the ever-changing rules and regulations of this CARES Act financial provision.

Payments Made with Forgivable PPP Funds are Not Deductible Under Current Guidance

On Thursday evening, April 30, 2020, the IRS released guidance advising taxpayers that expenses paid using Paycheck Protection Loan proceeds will not be tax-deductible.

2020-10-05T10:42:31-04:00May 1, 2020|Categories: COVID Federal & State Updates, PBMares COVID-19 Insights|Tags: |

Lapsed Appropriations for Paycheck Protection Program Loans

On Thursday, April 16, the Small Business Association stopped accepting new applications for the Paycheck Protection Program due to a lapse in appropriated funds. 

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