COVID-19
PPP Loan Application Deadline Extension
The PPP Extension Act of 2021 provides a 60-day extension of the PPP loan application deadline, from March 31 to May 31, 2021.
DMLO CPAs
March 30, 2021
PPP Loan Application
COVID-19
New SBA Rules For PPP Loans For Self-Employed (Schedule C) Taxpayers
The SBA has issued new guidance for PPP loans for self-employed individuals who file Form 1040, Schedule C, allowing them to calculate their maximum loan amount using gross income instead of net profit.
DMLO CPAs
March 4, 2021
COVID-19
Newest PPP Changes To Benefit Mom and Pop Businesses
The newest PPP changes announced by the SBA are intended to benefit the smallest of small businesses. PPP loans will be available exclusively to businesses with 20 or less employees and sole proprietors from Wednesday, February 24 through March 10, 2021.
DMLO CPAs
February 22, 2021
COVID-19
State and Local Tax Impact of New Stimulus Package
The Consolidated Appropriations Act, 2021 addresses tax provisions related to the PPP which could have consequences for state and local tax.
DMLO CPAs
January 24, 2021
COVID-19
PPP Loan Application Window Opened Today For Many
The PPP loan application window opens today, Jan 15 for both first- and second-draw PPP forgivable loans (for community lenders with $1 billion or less in assets).
DMLO CPAs
January 15, 2021
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