SBA Issues Two Additional PPP Final Interim Rules

SBA Issues Two Additional PPP Final Interim Rules

The Small Business Administration (SBA) recently released two additional final interim rules to provide further guidance for Paycheck Protection Program (PPP) loan borrowers and lenders. Specifically, the two rules provide guidance for loan review procedures, loan forgiveness, and borrower and lender responsibilities. This article provides a general overview of the two final interim rules. For …

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From The Desk of Richard Ollis - 5/20/2020 Update

Contact Tracing and Logging

(May 20, 2020)  In our last communication, we focused on our return to work plans and policies that businesses should consider to protect their organization, their employees and their customers. Several areas are difficult and controversial (masks and travel) and each business should implement what works best for them. We’ll cover another “hot topic” in …

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PPP (Paycheck Protection) Loans

What to Do After Receiving a PPP Loan

In response to the debilitating effect the coronavirus (COVID-19) pandemic has had on small businesses across the country, the federal government funded a program under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) called the Paycheck Protection Program (PPP). Approximately $670 billion has been allocated to the PPP fund, and small businesses across …

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CARES Act Allows Tax-free Student Loan Assistance

CARES Act Allows Tax-free Student Loan Assistance

Among other measures aimed at easing student loan burdens during the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) includes a provision that temporarily allows employers to make tax-free payments of up to $5,250 toward their employees’ student loans. Under this provision, employer payments toward their employees’ qualified educational loans between …

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CISA Warns Against COVID-19 Cyber Crime

CISA Warns Against COVID-19 Cyber Crime

According to the Cybersecurity and Infrastructure Security Agency (CISA), malicious cyber actors are taking advantage of public concern surrounding COVID-19 by conducting phishing attacks and disinformation campaigns. CISA is encouraging individuals to guard against COVID-19-related phishing attacks and disinformation campaigns by taking the following precautions: Avoid clicking on links in unsolicited emails, and be wary …

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