Nov 24, 2020 | Firm Overview Articles, Business & Corporate Law News
In our Client Update on Disallowed Paycheck Protection Program (PPP) Expenses in May, 2020, we let you know that the IRS disallowed otherwise allowable deductions to the extent such expenses relate to the amount of PPP loan forgiveness. The IRS recently issued two... read more
Oct 29, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) has begun issuing loan necessity questionnaires to Paycheck Protection Program (PPP) borrowers with PPP loans of over $2 million. The loan necessity questionnaire will be utilized by SBA in its review of the PPP borrower’s... read more
Oct 21, 2020 | Firm Overview Articles, Business & Corporate Law News, Energy & Renewable Energy Law News, Nonprofit & Charitable Organizations Law News
Governor Pete Ricketts announced a new package of pandemic relief grants available to Nebraska businesses, charities, livestock producers, public healthcare providers, hospitality industries, and others. The relief package includes: (1) grants first made available... read more
Oct 15, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) in consultation with Treasury issued a new Frequently Asked Question regarding the Paycheck Protection Program loan forgiveness application timeline. SBA clarified that a borrower may submit a loan forgiveness application any... read more
Oct 9, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) in consultation with Treasury issued new guidance for the Paycheck Protection Program (PPP) addressing a simpler loan forgiveness application for PPP loans of $50,000.00 or less. In the new interim final rule, PPP borrowers with... read more
Oct 9, 2020 | Firm Overview Articles, Business & Corporate Law News
The Small Business Administration (SBA) in consultation with Treasury issued a new Frequently Asked Question regarding the Paycheck Protection Program Flexibility Act of 2020 (Flexibility Act). As background, the Flexibility Act extended the deferral period for... read more
