Insights

Click Here to Access Our COVID-19 Resource Center

Last night, August 24, 2020, the U.S. Small Business Administration (SBA) released an interim final rule (IFR) entitled Treatment of Owners and Forgiveness of Certain Nonpayroll Costs.

With each passing day, more and more Paycheck Protection Program (PPP) borrowers are focusing on loan forgiveness. Since the program first launched, we have worked with hundreds of borrowers, initially on the loan application process, and then since early June, on loan forgiveness.

The U.S. Department of Health & Human Services (HHS) expects to distribute $15 billion to eligible providers through the CARES Act Provider Relief Fund (PRF).

As you can see, cybercrimes go on ‒ pandemic or no pandemic. It’s way too early to start opining on what the historical, economic, cultural and social effects it will have on our lives.

Not only has the Corona Aid, Relief, and Economic Security (CARES) Act passed last March injected trillions of dollars into the economy via the Paycheck Protection Program and the economic stimulus payments, it has also made an important, and very beneficial, change to the required mandatory distribution (RMD) law in 2020 for IRAs and defined contribution plans. In June, IRS Notice 2020-51 clarified some open issues.