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Second-Draw Paycheck Protection Program Extended

Second-Draw Paycheck Protection Program Extended

Mar 26, 2021 | Firm Overview Articles, Business & Corporate Law News

Last night, the Senate approved by a bi-partisan vote a bill extending the Paycheck Protection Program. The legislation, which the House already passed, now goes to President Biden for signing. The Paycheck Protection Program Extension Act would allow loan...
SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers

SBA Adjusts PPP Payroll Calculation For Form 1040, Schedule C Filers

Mar 3, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (“SBA”) has issued a new Interim Final Rule that allows certain borrowers to calculate their maximum loan amounts using gross income. The SBA has also updated its forms for borrowers and lenders to account for this change. Previous...
SBA Procedural Notice Addressing Second Draw PPP Loans

SBA Procedural Notice Addressing Second Draw PPP Loans

Jan 29, 2021 | Firm Overview Articles, Business & Corporate Law News

The Small Business Administration (SBA) has encountered multiple questions pursuant to the Paycheck Protection Program (PPP). As a result, SBA issued additional guidance to assist borrowers who incurred issues while applying for Second Draw PPP Loans. The information...
Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Second-Draw Paycheck Protection Program Loan Guidance Issued by SBA

Jan 22, 2021 | Firm Overview Articles, Business & Corporate Law News

Overview: The SBA issued an Interim Final Rule and Frequently Asked Questions dated January 19, 2021, to help lenders and borrowers comply with the rebooted Paycheck Protection Program (PPP). The guidance assists borrowers in calculating their reduction in revenue to...
New Stimulus Allows Both PPP and ERTC

New Stimulus Allows Both PPP and ERTC

Jan 20, 2021 | Firm Overview Articles, Business & Corporate Law News, Labor & Employment Law News

The Consolidated Appropriations Act, 2021 (CAA) made many material changes to the CARES Act passed in March 2020. One such material change is to the Employee Retention Tax Credit (ERTC). The ERTC is a fully refundable payroll tax credit designed to encourage...
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The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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