Guidance Issued for Employers Claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

Preparing for Another COVID-19 Construction Site Shutdown

Even in a post-coronavirus economy, the potential for another public health crisis or national emergency remains elevated. What can construction companies do to protect their assets and plan for another site shutdown?

Senate Passes Extension of Paycheck Protection Program to May 31

PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.

9 Important Tax topics for Individuals and Business Owners in 2021

Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.

2021-03-25T16:05:54-04:00March 24, 2021|Categories: Tax: Business, Tax: Individual|Tags: , , |

More Funding for Not-for-Profits in the New COVID-19 Stimulus Bill

The American Rescue Plan Act's changes to the Paycheck Protection Program make it easier for more not-for-profit organizations to receive funding – but as of now, the deadline to apply for PPP funds remains March 31.

2021-03-17T09:16:43-04:00March 17, 2021|Categories: Not-for-Profit, PBMares COVID-19 Insights|Tags: , , |

Social Clubs Now Eligible for PPP Loans

The American Rescue Plan Act finally gives 501(c)7 Social Clubs the opportunity to apply for Payroll Protection Program (PPP) loans. But you better act fast because the funding for the second round of the PPP loans closes on March 31, 2021.

2021-03-16T14:29:57-04:00March 16, 2021|Categories: Hospitality, PBMares COVID-19 News|Tags: , , , |

M&A Due Diligence in the Era of Covid-19: PPP Loans Considerations

The Covid-19 pandemic has disrupted most economic sectors worldwide prompting governments to enact emergency stimulus measures to help businesses navigate the situation.

2021-01-26T11:30:21-05:00December 9, 2020|Categories: PBMares COVID-19 Insights, Transaction Advisory|Tags: , , |

PPP Update: New Guidance That Will Change 2020 Taxable Liabilities

The IRS recently issued guidance that will impact taxable income and tax liabilities for the majority of businesses who received PPP loans.

2020-11-30T15:37:04-05:00November 19, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , |

SBA Publishes Loan Necessity Questionnaire for PPP Borrowers

Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA. (authored by RSM US LLP)

2020-11-04T10:34:01-05:00November 4, 2020|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , |
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