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PPP Loan Audits Could Affect Millions of Borrowers | JD Supra
JD Supra· 4 days agoThere 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< ...
Brevard Co. consultant faces wire fraud charges tied to PPP loan
Florida Politics· 22 hours agoRobert Burns was arrested after a grand jury indicted him stemming from claims regarding a Paycheck...
Frequently Asked Questions: Paycheck Protection Program Loan Forgiveness
The National Law Review· 3 days agoTreasury Department released their much anticipated Loan Forgiveness Application and corresponding instructions (Forgiveness Application) for the Paycheck ...
SBA Provides Safe Harbor For Certifying Need For PPP Loans
The National Law Review· 5 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 ...
JD Supra: Paycheck Protection Program Enforcement Likely to Continue with Focus on More Complex...
JD Supra· 6 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 ...
Some Financial Businesses May Be Ineligible for the SBA's Paycheck Protection Program
The National Law Review· 4 days agoAt 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 ...
SBA Publishes Sample Application for Payroll Protection Program Loans Under CARES Act
The National Law Review· 4 days agoThe PPP is intended to provide an incentive to small businesses to retain their workers during this crisis by offering government-backed loans that...
What the Hospitality Industry Should Know About New Regulations and Guidance for the CARES Act
The National Law Review· 7 days ago... 3, 2020, the SBA issued several new questions and answers to their SBA CARES Act FAQs, including Question #40, which indicated that an employer’s ability to obtain forgiveness of a Paycheck Protection Program (“PPP”) loan under the CARES Act might not be adversely affected as a result of an...
Latest Guidance on Paycheck Protection Loan Program under the CARES Act
The National Law Review· 5 days agoLate in the evening on April 2, the SBA issued an Interim Final Rule on the PPP (the April 2 Rule) and published a revised Application form (Revised < ...
IRS Confirms PPP-Funded Expenses Are Non-Deductible
The National Law Review· 3 days 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 ...