Agriculture

Application dates for second round of PPP funding announced

January 18, 2021

The U.S. Small Business Administration (SBA) and Treasury has announced that lenders with $1 billion or less in assets will be able to open applications for the next round of Paycheck…

Treasury issues interim final rules on updated PPP guidance

January 8, 2021

Two new interim final rules for the Paycheck Protection Program (PPP) have been released from the Small Business Administration (SBA) and Treasury in response to…

Congress passes second Coronavirus relief bill, includes new funding and updates to PPP

December 22, 2020

The U.S. House of Representatives and U.S. Senate have passed the Coronavirus Response & Relief Supplemental Appropriations Act, and President Trump has signed the bill. The…

Guidance issued on deductibility of expenses with a PPP loan

November 19, 2020

On Nov. 18, the IRS and Treasury issued Revenue Ruling 2020-27 which provides long-awaited guidance on the tax treatment of expenses related to Paycheck Protection Program (PPP) loans. The…

2020 tax planning considerations for businesses, individuals

November 13, 2020

 This year has been unique and beyond comparison in many ways, and tax planning is just one of the implications of current events. Both individual…

Tax planning considerations: Election results, sunset provisions

November 13, 2020

According to news outlets, as of this writing, Joe Biden has been named the president-elect of the U.S. Vote counting is still ongoing and election…

Understanding the 3 PPP forgiveness applications: Which one to use

November 5, 2020

The Paycheck Protection Program (PPP) from the Small Business Administration (SBA) and Treasury has had many updates over the past few months including changes to…

House, Senate approve 5-week PPP loan application extension

July 2, 2020

The U.S. Senate and House of Representatives have both unanimously agreed to extend the Paycheck Protection Program (PPP) by five weeks in an effort to…

SBA issues update first PPP interim final rule following PPP Flexibility Act

June 10, 2020

On June 10, 2020, the Small Business Administration (SBA) issued an updated interim final rule for the Paycheck Protection Program (PPP) in response to the…

PPP Extension Bill

June 5, 2020

On June 5, 2020, the president signed into law the Paycheck Protection Program Flexibility Act after it passed the Senate with a unanimous vote. The…