Around the world, businesses are emerging from various pauses and lockdowns, some in better shape than others. Many businesses continue to grow and prosper, and many likely are doing so through a...
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) In my last post, I covered the basic changes brought about by the PPPFA which was signed into law on June 5, 2020. Today we’ll do a...
In today’s economy auditors play a critical role in the security of the financial markets by ensuring we are performing high-quality audits and providing clear insight into a company’s financial...
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) Over the last two weeks major developments have occurred with the signing of the Paycheck Protection Program Flexibility Act (PPPFA)...
An Employee Stock Ownership Plan, also known as an ESOP, is an employee benefit plan that offers advantages to business owners, their companies, and their employees. It is a tax qualified,...
On Wednesday evening, the Senate cleared changes to the popular Paycheck Protection Program that will allow small businesses more flexibility in using the rescue loan funds, and it was quickly...
The House passed a bill today, Thursday, May 28th that loosens some key rules regarding loan repayment and spending restrictions of the Paycheck Protection Program. The legislation, titled the...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the US economy, including $349 billion that was...
On May 15, 2020, the U.S. Small Business Administration (SBA) announced its long-awaited forgiveness rules through the release of the PPP Loan Forgiveness Application. Through a series of...
On May 13th, the SBA released a new interim final rule on loan increases. This new issue informs lenders they can increase existing Paycheck Protection Program (PPP) loans to partnerships and...
On April 23, the SBA released a FAQ guidance document regarding liquidity, meant to serve as a warning to borrowers previously obtaining or applying for Paycheck Protection Program (PPP)...
During this time of unprecedented uncertainty, we are concerned about the safety and well-being of our families, colleagues, clients, partners, and the many friends who make up MahoneySabol’s...
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