APPLE.NEWS
House passes extension of coronavirus small business loan deadline — CNBC
IRS starts using prepaid debit cards to send stimulus payments →
The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
The SBA has released a preliminary 11 page PPP forgiveness application that will be used by banks to compute loan forgiveness. More guidance expected. See our website for more information and link to application. www.plwcpa.com
JOURNALOFACCOUNTANCY.COM
SBA provides safe harbor for PPP loans under $2 million
I am available for video conferences by Skype or another method. We can't meet in person but we can meet "face-to-face".
Contact-less Pickup and Dropoffs Available
Please call our office and leave a message for Candy if you would like to arrange a time to pick up your taxes or drop-off your tax documents. We don't have someone in the office every day but Candy will return your call and let you know the next day she will be in the office and explain the process we are using.
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.
The Small Business Adminstration (SBA) released the application for round 2 of the PPP https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
Check with your bank for details on applications and timing. All happening very fast.
SBA.GOV
Coronavirus Relief Options
A new round of PPP loans will be coming out when new legislation is enacted. At this point, we don't know anything additional about the timing of applications or any changes banks will make from the original round of PPP loans. See our website www.plwcpa.com for details of new provisions.🎄🎄
PLWCPA.COM
www.plwcpa.com
Please see the Covid 19 Resources page on our website www.plwcpa.com for details of pending relief legislation including additional stimulus and business relief.
PLWCPA.COM
www.plwcpa.com
PPP UPDATE - The IRS issued a Revenue Ruling on November 18th concerning the deductibility of expenses paid with PPP funds. See more at our Covid-19 resource page www.plwcpa.com
PLWCPA.COM
www.plwcpa.com
