REDW LLC | June 30, 2020
In their latest in a series of informational webinars on PPP Loans, from application through forgiveness, REDW Tax Principals James Ortiz and Christina Roderick discuss the implications of the new PPP Flexibility Act, and more. Read more. Read More
REDW LLC | June 24, 2020
Paycheck Protection Program recipients choosing to extend their covered period, may apply early for loan forgiveness, but doing so could cost them money. In consultation with the Treasury, the U.S. Small Business Administration addresses various issues related to the PPP in a 34-page interim final rule (IFR) issued Monday night, June 22. Read more. Read More
James Ortiz | June 5, 2020
On June 3, Congress approved sweeping changes to the Paycheck Protection Program (PPP), and President Trump is expected to sign it into law—the PPP Flexibility Act. This new legislation triples the time allowed for small businesses and other PPP loan recipients to spend funds and still qualify for forgiveness of the loans. Read more. Read More
REDW LLC | May 13, 2020
The Small Business Administration issued its final guidance today on the Paycheck Protection Program regarding the safe harbor repayment date of May 14 – the last day employers can return PPP funds if they were not legally entitled to apply for the loans. Their latest guidance shields smaller borrowers and saves the enforcement power to review the applications of larger borrowers. Read more. Read More
REDW LLC | May 6, 2020
The U.S. Treasury and Small Business Administration announced the government will extend the Safe Harbor repayment date from May 7 to May 14. The guidance is meant for businesses that applied for a loan under the Paycheck Protection Program, which they may not be eligible to receive. Read more. Read More
