Financial News

01/25/2021

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...

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Financial News

01/21/2021

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...

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Financial News

01/19/2021

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,...

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Financial News

01/14/2021

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...

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Financial News

01/11/2021

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...

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Financial News

01/11/2021

PPP Second Draw Application

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Financial News

01/07/2021

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...

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Financial News

01/07/2021

Update on Treatment of PPP Covered Expenses (now fully deductible) & More Good News for SBA Debt Relief Payments

Many of you have read our recent blog regarding the position taken by the IRS on the deductibility of PPP...

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Financial News

01/06/2021

PPP2 is (almost) here!

On December 27, 2020, the Consolidated Appropriations Act was signed into law. This new bill included a $900 billion stimulus...

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Financial News

01/05/2021

Changes to the Employee Retention Credit Good News for Employers – Allows for Retroactive Tax Credit (or Payroll Tax Refund)

Included in the COVID Relief stimulus package signed into law on December 27, 2020 were significant changes to certain payroll...

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Financial News

01/05/2021

COVID Relief Act Provides NOL Carryback Changes for Farmers

In 2019 and prior years, farmers that generated a loss had two options: 1) carryback back the net operating losses...

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Financial News