by Karen Rashid | Mar 18, 2021 | Articles, COVID-19
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law to provide financial relief to individuals and businesses. ARPA includes a number of tax provisions that may have implications for taxpayers in 2020 and beyond. ...
by RPB Team | Jan 8, 2021 | COVID-19, Loans
On Sunday, December 27, President Trump signed the Consolidated Appropriations Act, 2021 (CAA, 2021). The Act includes many favorable provisions, including several tax changes that have been modified from earlier legislation and many that have been extended. ...
by RPB Team | Nov 10, 2020 | Articles, COVID-19, Loans
On October 26, 2020, the Small Business Administration (“SBA”) issued a notice stating that it intends to release two new forms, one for for-profit businesses and the other for non-profit, relating to the PPP forgiveness process for borrowers with loans of $2 million...
by RPB Team | Jun 18, 2020 | Articles, COVID-19, Loans
The Protection Flexibility Act of 2020 that was signed by the president earlier this month helped clarify some items related to the Paycheck Protection Program. However, it also brought a wave of many other unanswered questions. The Department of Treasury, through the...
by RPB Team | Jun 4, 2020 | Articles, COVID-19, Loans
The Paycheck Protection Program (PPP) has been a lifeline for America’s small employers. Since the application process opened on April 3rd, the program has provided more than $510 billion in funding to approximately 4.4 million small employers across the country....
by RPB Team | May 18, 2020 | Articles, COVID-19, Loans
On Friday night, May 15th, the Small Business Administration (SBA) finally provided some actionable guidance on PPP forgiveness. The guidance is in the form of the actual forgiveness application. Forgiveness for loans under $2M will be handled by your lender and...
