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1. • Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness

     The National Law Review· 21 minutes ago

     Treasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck ...

2. • IRS Confirms PPP-Funded Expenses Are Non-Deductible

     The National Law Review· 1 hour ago

     Literally 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 ...

3. • PPP Loan Audits Could Affect Millions of Borrowers | JD Supra

     JD Supra· 2 days ago

     There is growing concern among PPP Loan recipients of potential audits related to the SBA’s Office of Inspector General’s estimate that up to one-third of PPP< ...

4. • Top 10 Insights from the SBA’s PPP Loan Forgiveness Application

     The National Law Review· 5 days ago

     On May 15, 2020, the SBA issued its Paycheck Protection Program (PPP) Loan Forgiveness Application (available here). While the term of the “Covered Period ...

5. • SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act

     The National Law Review· 24 hours ago

     The PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that...

6. • SBA Provides Safe Harbor For Certifying Need For PPP Loans

     The National Law Review· 2 days ago

     New 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 ...

7. • Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program

     The National Law Review· 1 day ago

     At least some financial markets and funds businesses are likely precluded from applying for the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic ...

8. • 

     Brevard political consultant, Space Coast Rocket owner, arrested for alleged PPP loan fraud

     Florida Today via Yahoo Finance· 16 hours ago

     Prosecutors say Burns misrepresented his income and submitted false tax documents on loan ...

9. • JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...

     JD Supra· 3 days ago

     Recent Paycheck Protection Program (PPP) enforcement trends suggest that the US Department of Justice (DOJ) has begun focusing on False Claims Act (FCA) enforcement actions ...

10. • Federal Emergency Relief Risk Mitigation: The Paycheck Protection Program

      The National Law Review· 5 days ago

      Secretary Mnuchin announced that the Small Business Association would be conducting a “full audit” of any loans over $2 million made pursuant to the Paycheck Protection Program (“PPP ...