COVID-19 Update: PPP Round Two Loan Applications Open

Posted by Jonathan A. Patterson, CPA, CVA   On January 8 and again on January 19, the SBA, in consultation with the Treasury Department, released additional Paycheck Protection Program (PPP) forms and guidance related to first round and second round draws. BLS has compiled the following important links to simplify your efforts in finding important forms and change information. Helpful … Continued

Delaware Relief Grants Portal Reopened

Posted by Kathy Dean-Bradley, CPA   The Delaware Division of Small Business announced that they have reopened their application portal on January 19, 2021 to small businesses and nonprofit organizations that have not already applied for this State of Delaware relief program. Below is a summary of details related to the reopening of the portal.   Those businesses and nonprofits … Continued

COVID-19 Relief Bill Provisions Affecting Individuals

Posted by Jordon N. Rosen, CPA, AEP (Distinguished) Since March, BLS has been keeping our clients and friends apprised of new legislation and changes that have occurred due to COVID-19. This edition of our BLS Important Update is an overview of key provisions in recent COVID relief legislation (COVID-related Tax Relief Act of 2020 (the Act) and the Taxpayer Certainty … Continued

Two Key Provisions of the COVID-19 Relief Bill – PPP and ERC

Posted By: Jonathan Patterson, CPA, CVA The COVID-19 Relief Bill was signed by President Trump on Sunday, December 27 and BLS prepared COVID-19 Relief Bill – What we know so far, which provided highlights of significant sections of the bill. There are two key provisions within the COVID-19 Relief Bill – Second Round PPP Loans and Extension of Employee Retention … Continued