by DunlapSLK | May 28, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized
As we communicated earlier, the SBA recently released its PPP loan forgiveness application, which you can access here. This 11-page document includes filing instructions that answer many but not all the questions borrowers have on the calculation of forgiveness.... by DunlapSLK | May 21, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized
Over the past weekend the U.S. Treasury along with SBA issued the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application which can be found here. This application is subject to change and many unanswered questions remain. We anticipate additional... by DunlapSLK | May 21, 2020 | COVID-19 Industry & Company Update, Resources For Employers
The Bucks County Board of Commissioners has allocated $6 million to establish the Bucks Back to Work Small Business Grant program which will provide grants up to $25,000 or 25% of annual operating expenses (whichever is lower). The program fact sheet can be found... by DunlapSLK | May 14, 2020 | COVID-19 Legislative Update, Resources For Employers
On April 14, 2020, after many borrowers had already submitted their PPP loan applications, the SBA issued guidance for individuals with self-employment income. This rule prohibited partners in a partnership from submitting a loan application for themselves. Instead,... by DunlapSLK | May 13, 2020 | COVID-19 Legislative Update, Resources For Employers
We recently alerted you to the SBA guidance which tightened eligibility rules on who qualifies for a PPP loan. You may recall that under the CARES Act, a borrower needed to certify that “current economic uncertainty makes this loan request necessary to support the... by DunlapSLK | May 13, 2020 | COVID-19 Tax Update, Resources For Employers, Resources For Individual Taxpayers
In response to the COVID-19 crisis, on Tuesday, May 12 the IRS announced relief for Section 125 cafeteria plans during calendar year 2020, providing increased flexibility for: employer-sponsored health coverage health Flexible Spending Arrangements (health FSAs)...
