New PPP Loan Forgiveness Rules ! The House passed a bill earlier this week, and the Senate just passed it last night (Wednesday), modifying and relaxing the PPP forgiveness rules. The President is expected to sign the bill into law soon. The key changes in summary are: Spending period is now 24 weeks (extended from 8 weeks) Payroll…

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  Message to Small Business Owners and Non-Profit Executive Directors – I wanted to tell you about a program related to the Act Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. This act provided an estimated $2 trillion package to assist individuals and businesses with the economic impact of the Coronavirus impact. There are two…

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Update…  11/23/2016.  Yesterday, a Federal court in Texas put a temporary injunction on the new law. 21 states had been contesting the bill, which was consolidated into a single suit claiming the Department of Labor did not have the authority to make this large change. This action doesn’t reverse law, but only puts the implementation…

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