Below is a list of publications and thought leadership related to the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act and its business impact.

To browse more coronavirus-related thought leadership, please visit HoganTaylor’s Online COVID-19 Resource Center.

Overview of SBA Guidance on PPP Loans and Changes in Ownership

By Clay Glasgow, CPA, ABV, CFF, CFE, HoganTaylor Advisory Partner On October 2, 2020, the SBA issued a Procedural Notice with guidance regarding changes in ownership of an entity that has received PPP funds. The Notice defines “change of ownership” … Continued

What You Need to Know About COVID-19 and the R&D Tax Credit

By Jason Shultz, CPA, Assurance Partner, HoganTaylor LLP Many businesses have taken advantage of the R&D tax credit. With the pandemic, there are opportunities and legislation that could impact your credit. We’ve also found that far too many businesses have … Continued

SBA Publishes New FAQs Clarifying PPP Loan Forgiveness

By Leah McLain, CPA, Advisory Practice Consulting Manager, HoganTaylor LLP. On August 4, 2020, the US Small Business Administration (SBA) released a series of new Frequently Asked Questions (FAQs) specifically addressing Paycheck Protection Program (PPP) loan forgiveness.  The FAQs can … Continued

Time Sensitive Opportunities and Updates

By Denise Felber, CPA, Tax Partner We have a few brief but important updates for you. CARES Act Beginning January 1, 2020, the Care Act amended rules regarding retirement additions and distributions. The age when required minimum distributions (“RMD”) was … Continued

Accounting for PPP Loan Forgiveness

By Jeff Koweno, CPA, Assurance Partner, and Calvin Rowland, CPA, Assurance Partner On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act. Under the CARES Act, the Small Business Administration began offering loans under … Continued

PPP Forgiveness Application (Updated)

By Jason Shultz, CPA, HoganTaylor Assurance Partner Now that the Flexibility Act has been signed into law and the SBA has released the associated Interim Final Rules it’s time to evaluate the impact of these changes to the forgiveness application. In … Continued