On March 3, 2021, the Small Business Administration (SBA), in conjunction with the U.S. Department of the Treasury, adopted an interim final rule (IFR) that: (1) allows individuals who file an IRS ...

The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit or Loss From Business, to ...

The U.S. Small Business Administration (SBA) issued guidance on how to calculate Paycheck Protection Program (PPP) loan amounts by business type and other issues shortly before it resumed accepting ...

Many small-business owners are completing their Paycheck Protection Program (PPP) loan applications and are running into common questions and roadblocks. The immediate question right now revolves ...

The U.S. Small Business Administration has released the much-anticipated application and instructions for how Paycheck Protection Program borrowers can see their loans forgiven. The program was ...

2019 IRS Form 1040 Schedule C line 31 net profit amount (if you have not yet filed a 2019 return, fill it out and compute the value); if this amount is over $100,000, reduce it to $100,000; and if ...

In its interim rules dated April 2, 2020, the SBA stated that it will issue additional guidance on loan forgiveness. The SBA is required to issue final guidelines on loan forgiveness within 30 days of ...

On January 6, 2020 the SBA issued approximately 120 pages of new regulations regarding PPP loans. I am currently working through all of the details that the Interim Final Rules contain and will issue ...