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...
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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...
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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 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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