On July 3, President Trump signed the PPP Extension Act, lengthening the deadline to apply for a PPP Loan until August 8, 2020. The loan program was designed to help keep businesses afloat, and keep paychecks going to employees. With Congress still working on a second funding program to help small businesses and the economy,…
Emil Abedian speaks with Gudrun Giddings, President of SACC-LA, about how to handle the COVID-19 pandemic from a financial point of view. Learn about how tax regulations have shifted and new loans that have been issued to ease this economically stressed situation. Also, how the new regulations will affect you and how to benefit from…
The Paycheck Protection Program Flexibility Act is new legislation that makes some much needed adjustments to the loan program, easing some restrictions on small businesses as they seek loan forgiveness. The bill is just awaiting President Trump’s signature. Changes include: -Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they…
Emil Abedian joins the Aspire Talks webinar to answer questions about stimulus checks, PPP & EIDL loans, PPP loan forgiveness, taxes and more.
IRS and Congress have given individuals a number of ways to build up their cash reserves and/or pay less in taxes. Here are a few opportunities for taxpayers. Stimulus checks from the IRS Many of you received stimulus checks in the last month as a result of new laws designed to help you weather the…
New guidance has been issued from the SBA regarding the qualifications of the Paycheck Protection Program Loan. This new guidance clarifies the “current economic uncertainty” requirement that a borrower needs to meet in order to apply for the loan. Whether you have already received PPP Loan funds, or expect to, it is important to understand…
If you were one of the businesses that were fortunate enough to get approved for and receive funds through the Paycheck Protection Program, or are hoping to apply in the future, how much of your loan is forgiven is based on a number of factors. While we expect further guidance on PPP loan forgiveness, here…
Business owners are rapidly adjusting to the changing economic climate and navigating new operational challenges in response to the coronavirus. With so much happening so quickly, it’s hard to look forward and see what things will look like when we come out of this. Now is the time to safeguard your business and discover where…
The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief for small business and their employees who are affected by the coronavirus. The Paycheck Protection Program is administered by the Small Business Administration (SBA) under its lending program, to provide small business loans on favorable terms…
The federal government signed the Families First Coronavirus Response Act (FFCRA) into law Mar. 18, 2020, which includes paid sick leave for employees that need to take time off to limit the spread of the coronavirus. Under this law, employees will qualify for paid sick leave if they have the virus, if they are caring for a…
