COVID-19 Update: Paycheck Protection Program Forgiveness Application Released

  Posted by Kathy Dean-Bradley, CPA   Late on Friday, the SBA released the PPP Loan Forgiveness Application. Along with the Application came instructions and answers to some questions related to the calculation. Although some questions still remain and we expect additional guidance from the SBA, below are important highlights to consider when conducting the calculations. Changes were made to make … Continued

COVID-19: Be Careful with Tuition and Expense Refunds Paid from a 529 Plan

Posted By Matthew Frost One of the steps for slowing the spread of the COVID-19 outbreak was the closure of many public places, including colleges and universities. This action led to classroom instruction being replaced with online classes, which meant that students were evicted from on-campus housing. With this change of events, many students or their parents received a refund … Continued

COVID-19 Update: Paycheck Protection Program FAQs

Posted By Jon Patterson, CPA, CVA Important guidance related to Paycheck Protection Loans was recently shared by the United States Treasury via their Frequently Asked Questions. Out of the 42 questions listed, there are two ‘hot topic’ questions that we would like to draw your attention to in this particular BLS Important Update Question 31: Do businesses owned by large companies … Continued