Mitchell Workforce Development Grant Applications Due By Nov 1st, 2021
Mitchell Area Development Corp. was awarded $50,000 in matching funds from the Governor’s Office of Economic Development for workforce...
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ELO CPAs & Advisors
- Aug 9, 2021
- 2 min
IRS Gives New Guidance on Employee Retention Credit
Those changes include, among other things, (1) making the credit available to eligible employers that pay qualified wages after June 30,...
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ELO CPAs & Advisors
- Jul 28, 2021
- 5 min
Small businesses face bookkeeping challenges, overdue invoices during pandemic
Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by...
34 views0 comments
ELO CPAs & Advisors
- Jul 21, 2021
- 4 min
PPP forgiveness and repayment: What businesses need to know now
A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which...
36 views
ELO CPAs & Advisors
- Jul 6, 2021
- 2 min
SBA officially closes Restaurant Revitalization Fund
The U.S. Small Business Administration (SBA) announced the closure of the Restaurant Revitalization Fund (RRF) after awarding the...
17 views
ELO CPAs & Advisors
- May 12, 2021
- 2 min
Restaurant Revitalization Fund faces huge funding shortfall
Less than 10 days after its launch, the Restaurant Revitalization Fund (RRF) has less than half the money it needs to fund a flood of...
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ELO CPAs & Advisors
- Jan 19, 2021
- 3 min
PPP Round 2 Funding Insights for Your Farming Operation
The Economic Aid Act of 2021, signed into law on December 27, 2020, made changes to the original Paycheck Protection Program, “PPP” and...
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ELO CPAs & Advisors
- Jan 12, 2021
- 3 min
SBA and Treasury reopen Paycheck Protection Program
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers,...
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ELO CPAs & Advisors
- Dec 7, 2020
- 1 min
COVID-19: IRS Issues Guidance on Forgiven PPP Loans; Congress Reacts
In new guidance, the IRS clarified that a taxpayer that received a Paycheck Protection Program (PPP) loan may not deduct expenses if, at...
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- Oct 16, 2020
- 1 min
PPP Loan Forgiveness Application Instructions for Borrowers
Paycheck Protection Program Loan Forgiveness Application Instructions
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- Oct 16, 2020
- 6 min
Where COVID-19 relief bill stands after Trump, and what it means for you: FAQs
Americans will have to wait at least another month for urgently needed aid.
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- Oct 14, 2020
- 4 min
Stimulus package negotiations today: 'We need to get money to the American public now'
Negotiators are straining to make their own priorities for immediate aid dominate, with the Nov. 3 election a mere three weeks away.
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- Oct 14, 2020
- 4 min
What's the status of a second $1,200 stimulus check?
For months, millions of Americans grappling with the economic fallout of the coronavirus pandemic have been pinning their hopes on Congress.
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- Oct 4, 2020
- 3 min
PPP borrowers, lenders get change-in-ownership guidance from SBA
New guidance issued by the U.S. SBA describes the procedures required for changes of ownership of an entity that has received PPP funds.
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- Jun 7, 2020
- 4 min
Partial PPP loan forgiveness remains if 60% threshold not met
Borrowers under the Paycheck Protection Program (PPP) can qualify for partial loan forgiveness.
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- Jun 3, 2020
- 4 min
PPP forgiveness changes coming as Senate passes House bill
The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for...
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- Jun 2, 2020
- 2 min
Senate passes bill to give businesses flexibility in spending coronavirus aid, sends it to Trump
xThe Senate passed a bill Wednesday to give small businesses more flexibility in how they spend federal loans given as part of a coronavirus
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- May 31, 2020
- 1 min
EIP Card Frequently Asked Questions
Wondering how to setup and use your EIP Card? Follow this guide for a full list of Frequently Asked Questions.
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- May 27, 2020
- 3 min
House passes bill that would relax PPP forgiveness requirements
The U.S. House approved legislation Thursday making it easier for small businesses and other recipients of Paycheck Protection Program...
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