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PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 3 days agoIn March of this year, the SBA began referring around $20 billion in delinquent PPP Loans with balances of less than $100,000 to the Treasury Department for collection, and ...
Part III: The RESTART Act and the Long-term Recovery Sector Loan Program
The National Law Review· 1 day agoYou can find Part I (President Trump’s Executive Actions) here and Part II (PPP Revisions and Second PPP Loans) here. The first part of the alert discusses ...
Founder of ‘The Space Coast Rocket’ in Brevard County accused of buying crypto with PPP loans
WKMG ClickOrlando· 5 hours agoThe founder of “The Space Coast Rocket” local news website in Brevard County faces federal charges...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 3 days agoNew SBA guidance says PPP borrowers of under $2 million are granted safe harbor and deemed to have made required good-faith certification of necessity. Individual circumstances ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 1 day agoLiterally tens of thousands of businesses received Paycheck Protection Program (PPP) loans under the CARES Act. The legislation was passed very quickly to avert a potential ...
UBS says dollar valuation is still not extreme By Investing.com
Investing.com· 22 hours agoOn Thursday, UBS released a report presenting a less extreme valuation of the US dollar compared to...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 1 day agoDepartment released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck Protection Program (PPP), ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 5 days agoRecent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...
The NBA playoffs are here, and the league’s player participation policy is being tested
Yahoo Sports· 19 hours agoMany inside the league wondered if that would be enough to see any real impact. Indiana star Tyrese...
If You File a Schedule C, Take Note: SBA Offers Guidance for Self-Employed PPP Loan Applicants
The National Law Review· 6 days agoFrom April 3 through April 14, 2020, the Small Business Administration ("SBA") has guaranteed over one million loans under the Paycheck Protection Program ("PPP"). Over 4,600 ...