Beginning the week of April 6th, 2021 Borrowers will be able to apply for the SBA’s Economic Injury Disaster Loan (EIDL) funding for up to 24 months of economic injury with a new maximum loan amount of $500,000.
Yesterday, the SBA issued guidance on the relationship between the Shuttered Venue Operations Grant (SVOG) and the Paycheck Protection Program (PPP).
Several news outlets have now confirmed that the filing deadline for 2020 will be extended by at least a month. The AICPA and other groups have been asking since February to have the date extended but the IRS insisted it would not extend the deadline until now.
This afternoon, The House of Representatives passed the $1.9 Trillion Relief Bill. The Bill is expected to be signed into law by Friday.
Saturday, the Senate approved a bill that would spend $1.9 Trillion on direct payments, jobless benefits, and state and local aid.
The Wisconsin Department of Revenue has made additional information available around the exclusion of grant income to business.
In the era of COVID-19, cybersecurity has reached a new level of necessity when it comes to protecting our businesses and personal livelihood. The effects of cyberattacks are real and far-reaching.
Today, the Biden Administration has announced several changes to the existing PPP Loan Program.
Yesterday, Governor Evers signed a bill that would allow the Wisconsin Department of Revenue to follow IRS ruling that allow for the exemption of forgiven PPP loans from taxation.
We have noted that in some 2nd round Paycheck Protection Program (PPP2) applications for partnerships filers, are needing to be updated due to the self-employment calculation for the partners amount to be used in the payroll calculation.
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Brookfield, Wisconsin 53005
