Category: Coronavirus Updates

The COVID19 Relief bill includes some changes  to PPP loans under $150K.  These changes apply to both the original PPP loans and the PPP second draw which should be available sometime in January....

The new COVID Stimulus Bill signed by President Trump on December 27, 2020 brought more good news for businesses with SBA 7(a) loans.  The SBA paid 6 months of payments for borrowers during 2020, and the payments on these loans are NOT going to be included in taxable income...

With the new COVID stimulus package, if eligible, you will be getting another stimulus payment from the government, also known as Economic Impact Payments.  Distribution of payments have already started and should come the same way you got the first one.  The new amount th...

When the pandemic first hit, the CARES Act created funding for the SBA to provide a $10K grant to all businesses.  Due to the funding running low, the SBA had to make a stipulation to reduce the amount to $1K per employee.  If you were a company affected by this stipulatio...

Join CPAs Chris Wittich and Stacy Shaw along with members of the Boyum Barenscheer COVID-19 resource team for this informational webinar on the new stimulus bill updates, PPP, unemployment, grants and more! The team will walk through all the pertinent items and how it will a...

Minnesota lawmakers passed a much-needed COVID relief bill on Monday, December 15, allocating $88 million of assistance to restaurants, bars, gyms and fitness centers....

It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play a special role in ensuring that it remains on ...

With the new developments regarding PPP, make sure you are aware of the details of the updates.  We have highlighted some of the resources we have created and we can show you how we can assist you with your PPP Loan Forgiveness....

It has been a while since any real law changes or updates to the PPP program have come through but now we have some new developments that are worthy of a new discussion. I wanted to put down my thoughts on just where we stand on PPP Loan Forgiveness timing and what I see as...

If you have received a PPP loan over $2M, the accurate completion of your forgiveness application is critical. Before you begin the application process it's important to understand the SBA's form requirements....

They say timing is everything. Is that true for PPP Loan forgiveness timing? There really has not been any law changes or updates to the PPP program recently other than the blog we have up about the ownership changes (link here) and the change for the PPP loans under $50k (...

Last week the SBA came out with some new guidance for situations where a business has a PPP loan and they are going through some ownership changes and it’s a must read if you are having any type of ownership changes while you have a PPP Loan outstanding....