Watch the webinar update presented by Dent Moses partners Mike Baker and James Moody, along with Nicole Reed of Capital Solutions as they review this new guidance and what it means for you.
On Friday, May 15th, the SBA in consultation with the Treasury released an application and instructions for PPP loan forgiveness.
Paycheck Protection Program Update (Part III) with Dent Moses Managing Partner, Mike Baker; Dent Moses Partner, James Moody; and SBA Lender, Nicole Reed of Capital Solutions.
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to employers, including nonprofit organizations, with operations that have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50% reduction in quarterly receipts, measured on a year-over-year basis.
On March 27, 2020, the President signed into law the CARES Act. The rollout of certain relief provisions like the SBA loan program for wage, rents and utilities may take several weeks to be up and running. Again, with the regular caveat that things are moving fast, here is a list of the CARES Act provisions that we believe to be particularly applicable to small business owners and individual taxpayers: