The IRS Just Put a Monkey Wrench Into PPP Loans
The IRS issued Notice 2020-32, which “provides guidance regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s…
Survey Claims Only 8% of Small Businesses Owners Received Money From CARES Act
A survey conducted by Alignable, a four million-member strong small business referral network, claims that only 8% of small business owners have seen any money…
Law Firm Files Class Action Lawsuits Against Biggest Banks for Alleged PPP Loan Deception
Consumer attorneys with Stalwart Law Group have filed four class-action lawsuits in California federal court on behalf of small business owners after four major banks…
Check Your Bank Balance – You May Have Received Your Economic Impact Payment
The IRS confirmed in a tweet today that the first round of economic impact payments has been sent by direct deposit to individuals and families….
Where is The Coronavirus Stimulus Money? – Small Business Owners Keep Asking
The $2.2 Trillion CARES Act includes a provision for small businesses to receive up to $2 million in an Economic Injury Disaster Loan (EIDL) from…
Federal Reserve $2.3 Trillion Loan Support Includes Funding For Paycheck Protection Program
The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households…
IRS / SBA / U.S. Secret Service Warnings of Coronavirus Stimulus Scams And Phishing Attacks
With the coronavirus stimulus packages passed in Washington, scammers and fraudsters see an opportunity to take advantage of people trying to make ends meet or…
Another $250 Billion For SBA Paycheck Protection Program in The Works
The SBA Paycheck Protection Program (PPP) that is part of the $2.2 trillion coronavirus relief legislation (CARES Act) may run out of money before many…
Federal Reserve to Finance Paycheck Protection Program Loans
The U.S. Federal Reserve announced Monday afternoon it will establish a facility to facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection…
SBA Coronavirus Stimulus Paycheck Protection Plan Loans Face Delays – Update 1
With great urgency and speed, Congress and the Administration passed a $2 trillion coronavirus stimulus bill (CARES Act). It includes about $350 billion in SBA…