Life after the passing of the Bi-Partisan Budget Act of 2015
Over the past two years, the U.S. Social Security Administration has been making changes from mailing out Social Security statements to the...
1 min read
Important Update: SBA Clarifies 60% Payroll Rule and Acknowledges Partial Forgiveness
Marketing 6/8/20 12:00 AM
The SBA and U.S. Treasury Clarify 60% Payroll Rule and Partial Forgiveness Guidelines
The information released in the PPP Flexibility Act last week seemed to indicate that the borrower had to spend at least 60% on payroll, or none of the loan would be forgiven. Today, Monday, June 8, 2020, the Small Business Administration in conjunction with the U.S. Treasury, released a statement clarifying that borrowers could in fact still get partial loan forgiveness if they did not spend at least 60% on payroll.
Further guidance, including a modified borrower application form, and a modified loan forgiveness application implementing the amendments to the Paycheck Protection Program are expected in the near future. We will distribute the updated information as soon as it is released.
If you would like to read more about the changes and read the statement released by the SBA in conjunction U.S. Treasury, click here.
Tax Payment Options
Admin : 11/7/14 12:00 AM
The IRS provides tax payers with several different tax payment options. As your balance is subject to interest and a monthly late payment penalty,...
2 min read
Estate planning for single parents requires special considerations
Marketing : 5/6/19 12:00 AM
Here’s a fast fact: The percentage of U.S. children who live with an unmarried parent has jumped from 13% in 1968 to 32% in 2017, according to Pew...