Financial Sense Blog

/Financial Sense Blog
On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This new legislation makes key adjustments to the timeline for spending Paycheck Protection Program (PPP) funds and revises how loan recipients are required to allocate the money. Here is a brief overview of the key
On May 23 the Small Business Administration in coordination with the Department of Treasury released their Interim Final Rules (IFRs) on PPP Loan Forgiveness. The IFRs codify rules previously suggested with the Loan Forgiveness Application and Instructions (the Application). Moreover, the IFRs add clarity and provide additional examples for the
On May 15, the SBA and Department of Treasury released the much anticipated PPP loan forgiveness application and related instructions (the Application). The Application provides significant clarity and borrower flexibility but continues to leave some questions unanswered. Clarification of the “Incurred and Paid” Language The statutory language of the CARES
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national, or individual industry level, this pandemic is already changing the way businesses are operating on a
For those of you fortunate enough to get a PPP loan, you must now turn your attention to maximizing your loan forgiveness. The key to maximizing loan forgiveness is having a good understanding of how loan forgiveness is calculated, how it is maximized, and avoiding unfavorable reductions. In this article
No one has escaped the disruptive nature of COVID-19.  Employees are experiencing lost wages, businesses are experiencing lost revenue, even retirees are experiencing losses to the retirement accounts they’ve worked so hard to build up over their careers.  What will distinguish us is how we respond to the disruption.  As
As the country and even the world shift their attention to the seeming long-lasting impact of the Coronavirus, updates appear to be coming out each day. Whether the impact is on a global, national or individual industry level, this pandemic is already changing the way businesses are operating on a
The information on this flier is meant to give a general picture of benefits and rights available in certain COVID-19 work-related situations. View Entire PDF here »