PPP Forgiveness:  More is Revealed

PPP Forgiveness: More is Revealed

Many borrowers who received a Paycheck Protection Program loan have now passed their 8 week “covered period” and are preparing to apply for forgiveness for the loan. To my knowledge, none of the major lenders are prepared to accept forgiveness applications yet....
PPP Breather

PPP Breather

Are you in a panic about spending your PPP before your 8 week deadline runs out in order to maximize the amount that will be forgiven? Relax, pour yourself a cold drink, and pull out your calendar. Because on June 5, the President signed the Paycheck Protection...
PPP Forgiveness Rules Unveiled

PPP Forgiveness Rules Unveiled

At long last, the SBA has released an application for Paycheck Protection Program loan forgiveness.  Remember how relatively easy it was to get the PPP? Yes, the lender websites were jammed up and there was a lot of confusion about exactly how to apply.  But once you...

PPP Forgiveness: The Fine Print

Many of you have received your PPP and naturally want to ensure that the maximum amount is ultimately forgiven – ideally 100%! Here is a more detailed explanation of how and when you need to spend your funds, based on the latest Treasury Department guidance as...

We got our PPP – now what??

Great news! Many small businesses who were shut out of the first round of Paycheck Protection Program funds have now had their PPP loans approved from the second round of funding totaling $310 billion. They have either received funds, or are expecting funds as early...

The EIDL: Death by a Thousand Paper Cuts

Did you apply for an Economic Injury Disaster Loan (EIDL) through the SBA when the CARES package was first announced at the end of March?   To refresh your memory, this was the loan processed through the SBA (not your bank) at the reasonable rate of 3.75% and 30 year...

Employee Retention Credit

  Another program that was part of the $2 trillion CARES act is the Employee Retention Credit for Employers Subject to Closure due to COVID-19 Crisis.  This program is designed for small employers, but is not available to businesses who have received a Paycheck...

Paycheck Protection Program

As you probably know, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed on March 27, 2020.  The $2 trillion package includes $349 billion for a loan program called the Paycheck Protection Program (PPP). This is an unprecedented program both in...

Managing the Manager “Clean and Green”

So you’ve hired a manager to manage your employees?  Congratulations, and deepest sympathies.    Congratulations because this must mean that business is booming.  And sympathies, because now you are a manager of your manager, and this might not be a role you...

These are a few of my favorite things

I can’t wait for tax season to end so I can play with technology.  Yes, I am a geek girl at heart. From the day I was introduced to the magic of Lotus 1-2-3 a million years ago at the University of Washington (Slash File Retrieve!) followed by BASIC programming...