Tag: coronavirus aid

Source: US Small Business Administration, April 29, 2020 Paycheck Protection Program (PPP) Progress Report Yesterday morning the SBA resumed processing PPP loans with additional funding from the Paycheck Protection Program and Health Care Enhancement Act signed into law April 24. The following is a national snapshot progress report of PPP loan approvals made yesterday through this morning:   […]

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Source: Stoel Rives, April 9, 2020 The IRS has posted a summary description of the employee retention tax credit that was enacted as part of the CARES Act (available here). The IRS also posted a frequently asked question page regarding the credit (available here). The employee retention credit is a credit against the employer portion […]

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