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Employee Retention Credit
The IRS recently came out with Notice 2021-20 providing guidance on the employee retention credit. This guidance is specific to...
Financial News
Shuttered Venue Operator Grants – Important Considerations
The Shuttered Venue Operator Grant (SVOG) program was established as part of the Economic Aid Act signed into law on...
PPP Updates and Considerations
On February 22nd, the Biden administration announced that PPP loans would be made exclusively available to employers with less than...
Schedule C Filers Now Eligible for Larger PPP Loans
On Wednesday, March 3rd, the SBA and Treasury released a new Interim Final Ruling (IFR) that details previous guidance announced...
Good News: Wisconsin PPP Loan Forgiveness & Expense Deduction Tax Treatment Now Mirrors the Federal Rules!
On Thursday, February 18, 2021, Wisconsin Governor Evers applied his signature to AB-2 and issued a statement highlighting $480 million...
Say What?!? Wisconsin is going to tax my PPP?
The Wisconsin Department of Revenue recently announced on the WDR website a note to taxpayers regarding the Wisconsin-federal differences related...
SBA Releases PPP Forgiveness Form for Loans of $150,000 or Less
The SBA released revised PPP Loan Forgiveness Application Form 3508S late Tuesday night. This form was revised to now be...
SBA Clarifies Second Draw Loan PPP Calculations, Gross Receipts, and Documentation Needed
The SBA provided clarifying documentation on January 19th in the form of FAQs regarding calculating the maximum second draw amount,...
SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19
Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on...
SBA Re-Opens Paycheck Protection Program Today
Are you currently banking with a Community Financial Institution (CFI)? If so, you may be able to apply for a...
PPP Second Draw Application
Got Meals? Take a look at the NEW 100% Business Meal Deduction!
With the President’s signature enacting into the law the $900 billion COVID-19 relief bill, certain business meals will now be...
