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...
Without doubt, technology has profoundly changed how business works. Its influence is everywhere, from smart homes to business operations, and the next decade will only continue to add new ways...
If you have a small business or are self-employed, and have engaged in certain financial transactions during the calendar year, you are most likely required to file an information return to the...
Does making a decision come easily to you or do you struggle to come up with the perfect solution? Everyone has a personal decision-making style, but that style may not always be the best one for...
The term “soft skills” include a range of competencies from communications to problem solving to collaboration. They are very different than technical skills, however they are no less essential...
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