by Frost PLLC | Dec 21, 2020 | PPP Program, CARES Act, COVID-19, Tax
Author: Lindsey Jackson, CPA Sunday afternoon Congress reached an agreement for the next round of COVID relief. While the text of the bill has yet to be released, the anticipated legislation is expected to include a few favorable tax provisions as well as updates to...
by Frost PLLC | Sep 10, 2020 | CARES Act, Agriculture, Business Advisory, COVID-19, Financial Services, PPP Program, Small Business, Tax
Author: Lindsey Jackson, CPA The Internal Revenue Service issued guidance regarding the employee payroll tax deferral described in the Presidential memorandum from August 8th. IRS Notice 2020-65 provides details to employers who are considering taking advantage of the...
by Frost PLLC | Aug 7, 2020 | CARES Act, COVID-19, PPP Program
Author: Lindsey Jackson On Tuesday, August 4th, the SBA released an FAQ specifically related to the PPP loan forgiveness process. A copy of the full document may be found here. Similar to the FAQs for the initial application, we anticipate that over the coming...
by Frost PLLC | Jul 9, 2020 | Uncategorized, CARES Act, COVID-19, PPP Program
Author: Lindsey Jackson, CPA An extension to the loan application window for the Paycheck Protection Program (PPP) moved through the Senate, and after a unanimous vote in the House yesterday, is headed to the White House for signature. The extension will keep the...
by Frost PLLC | Jun 17, 2020 | PPP Program, CARES Act, COVID-19, Small Business
Author: Lindsey Jackson Late yesterday the SBA finalized and released two loan forgiveness applications which can be accessed online at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program. The first is a revised...
by Frost PLLC | Jun 4, 2020 | CARES Act, Audit, COVID-19, Financial Services, PPP Program, Tax
Author: Lindsey Jackson Congress reached an agreement yesterday evening on the Paycheck Protection Program Flexibility Act and the bill is now headed to President Trump’s desk for signature. This is great news as it provides some much-needed relief for businesses...
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