After a surprise move by the Senate last week to extend the application deadline for the Paycheck Protection Program (PPP) by five weeks, the House approved the measure and President Trump has signed the bill. … [Read more...]
SBA Releases Revised PPP Loan Forgiveness Applications
If you have a Paycheck Protection Program (PPP) loan, keeping pace with updates and guidance can be daunting. Recently, the Small Business Administration (SBA) released revised PPP loan forgiveness applications. To ensure you’re managing your loan properly, and avoiding getting caught short when it’s time for your loan to be reviewed for forgiveness, The Journal of Accountancy, published by the American Institute of CPAs (AICPA), has published a … [Read more...]
What You Should Know About the Paycheck Protection Program Flexibility Act
By Carol J. Swenson, CPA When the Paycheck Protection Program (PPP) was instituted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, business owners breathed a sigh of relief. At the same time, however, many found themselves pulling out their hair. Although generous, the ever-evolving rules surrounding the PPP were confusing and, in many ways, limiting. … [Read more...]
Helpful Links To COVID-19 Resources
PWB is providing helpful links to COVID-19 resources for individuals and businesses. We will update it regularly. As always, we're in this together. … [Read more...]
COVID-19: Are My Business Losses Covered by Insurance?
By Jeff Johnston, CPA/ABV/CFF, JD, LLM Almost every business has been touched by COVID-19. Losses are historic. But are the losses covered by your insurance policies? The answer to this question largely depends on the wording and interpretation of your insurance policies. Currently, there is disagreement over whether insurance policies will cover business losses related to COVID-19. As you assess your current situation, here are points to … [Read more...]
