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
On August 24, the SBA issued an Interim Final Rule on the Paycheck Protection Program. The following questions are taken word for word from the IFR (emphasis and formatting added). To read the IFR in its entirety click here. Owners Are … Continued
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
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
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
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
On June 10, 2020, the SBA published an IFR incorporating the provisions of the Paycheck Protection Flexibility Act (Flexibility Act) and their related impact to the first IFR. The entire IFR can be read here. The IFR is 16 pages long. … Continued
Join HoganTaylor for “Seizing the Moment: 50 Questions to Ask as You Lead out of COVID-19,” a webinar designed to help you and your team lean forward again in your leadership. In the program, HoganTaylor’s Lead Advisory Partner, Robert … Continued
UPDATE: On June 10, 2020, the SBA published an IFR incorporating the provisions of the Paycheck Protection Flexibility Act (Flexibility Act) and their related impact to the first IFR Click here to read our summary of the IFR. On June 5, … Continued
UPDATE: On June 5, 2020 the president signed into law the Paycheck Protection Flexibility Act (Flex Act). The Flex Act makes significant changes to the Paycheck Protection Program (PPP), giving borrowers more time to use the funds received, more time to repay amounts not … Continued
