PPP Loan Forgiveness Application Now Available

Updated: 5/19/20 Please be aware that the Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application, available here. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). …

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CARES Act Frequently Asked Questions for Businesses

BUSINESS IMPACTS AND SUPPORT Q: I believe my business may qualify for support through the CARES Act. What should I do first? A: While some details are still being finalized, you can review various loan options and tax updates made available through the CARES Act. See our resource library here. Then, start reviewing appropriate applications and gathering …

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Pennsylvania Tax and Unemployment Bills – COVID-19

Amid COVID-19, the PA has changed the state tax deadline to align with the updated federal deadline of July 15, 2020. Pennsylvania has also enacted unemployment changes for eligible individuals and business owners, including: Unemployment eligibility requirements will be eased to support workers who have been impacted by the coronavirus. This includes waiving the one-week …

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Small Business Resources – Loans and Guidance – COVID-19

As business owners face many new realities due to government-recommended closures and keeping their employees and customers healthy, several resources are available for support through the Small Business Association (SBA). Our tax pros are also available to help guide business owners on cash flow, updates to tax deadlines, loan options and more. Key Resources Economic …

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Millions of Households to Receive Stimulus Assistance – COVID-19

As approved by Congress, a $2 trillion economic rescue plan includes payments to individuals, expanded unemployment coverage including self-employed and much more. Here is what you need to know: Most adults will receive a one-time payment of $1,200, although some will be less. Every child under 16 adds an additional $500. Check your adjusted gross …

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