New SBA Guidance on Qualifications for a Payroll Protection Program Loan

by Jay Javier | May 6, 2020 | Silver Advantage Alerts

By Janell Wilson, CPA – Partner and Harry A. Steindler, CPA – Partner May 6, 2020 On May 5, 2020, the SBA stated that it will extend the PPP safe harbor repayment date from May 7th to May 14th. Thus, any PPP borrower who repays the loan by May 14th is...

Payroll Protection Program: Best Practices for Loan Forgiveness

by Jay Javier | Apr 21, 2020 | Silver Advantage Alerts

By Janell Wilson, CPA – Partner April 21, 2020 A couple of weeks ago, many of our small business clients were anxiously waiting for banks to begin accepting Payroll Protection Program (PPP) loan applications. Fast forward two weeks, and many of you have the loan...

Payroll Protection Program for the Self-Employed and Payroll Tax Updates

by Jay Javier | Apr 16, 2020 | Silver Advantage Alerts

PAYROLL PROTECTION PROGRAM FOR THE SELF-EMPLOYEDOn April 14, 2020, the Small Business Administration (SBA) released another Interim Final Rule related to the Payroll Protection Program (PPP). This Rule provides guidance for individuals with self-employment income who...

CARES Act Q&A for Dealers in CATA April 3 2020 Newsletter

by Jay Javier | Apr 3, 2020 | COVID-19 Resource Center

Judy Mason offers answers to common questions surrounding the Coronavirus Aid, Relief, and Economic Security Act, enacted last month.On March 27, 2020, President Trump signed into law the CARES Act – worth more than $2.2 Trillion – to help stimulate the...

$2 Trillion Rescue Package to Combat Coronavirus – Coronavirus Aid, Relief, and Economic Security (CARES) Act

by Jay Javier | Mar 28, 2020 | Silver Advantage Alerts

$2 Trillion Rescue Package to Combat Coronavirus – Coronavirus Aid, Relief, and Economic Security (CARES) ActOn March 27, 2020, President Trump signed into law the CARES Act worth more than $2 Trillion to stimulate the economy from the effects of the Coronavirus. To...