New Small Business Administration PPP Rollout: UPDATE 4 SBA is making $284 billion available for...
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COVID Related News
SBA reopens PPP loan program: UPDATED
The Small Business Administration has reopened its Paycheck Protection Program (PPP) in accordance...
IRS offers guidance on deducting PPP expenses
The Internal Revenue Service and the Treasury Department released guidance Wednesday on claiming...
SBA makes no changes to Large Borrower Questionnaire, seeks additional comments
SBA Makes No Changes to Large Borrower Questionnaire, Seeks Additional Comments Paycheck...
U.S. Department of Labor Issues Worker Classification Rules
On Jan. 7 the Department of Labor published a final rule that helps clarify how to distinguish an...
FFCRA mandated leave requirements expired Dec. 31, 2020; Voluntarily option extended until March 31, 2021
The mandatory requirement that employers provide emergency paid sick and expanded family and...
COVID-19 relief bill addresses key PPP issues
The U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief...
New COVID Relief Package Includes Several Provisions Important to Dealers
Congress has cleared the way for President Trump’s expected signature another pandemic relief...
SBA Large Borrower Questionnaire
NADA Comments on SBA Large Borrower Questionnaire Paycheck Protection Program (PPP) lenders have...
NADA Comments on SBA Large Borrower Questionnaire
Paycheck Protection Program (PPP) lenders have been distributing SBA Form 3509 to PPP borrowers...
IRS clarification of nondeducibility of PPP-funded expenses draws congressional opposition
IRS Clarification of Nondeducibility of PPP-Funded Expenses Draws Congressional Opposition...
Update for dealers with PPP loans over $2 million
We continue to hear from Dealer Members who received PPP loans in excess of $2 million. We have...
SBA issues loan certification questionnaire for PPP borrowers with loans of $2M or more
Pursuant to the Paperwork Reduction Act (PRA), the SBA is seeking comment on a...
Warning: New COVID-related text scam
WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry is warning of a...
PPP Borrowers of $2M or More Must Submit SBA Questionnaire to Their Lenders
PPP Borrowers of $2M or More Must Submit SBA Questionnaire to Their Lenders Paycheck Protection...
SBA settles confusion over PPP forgiveness application due date
The U.S. Small Business Administration (SBA) released guidance Tuesday confirming that Paycheck...
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
WASHINGTON—The U.S. Small Business Administration, in consultation with the Treasury Department,...
SBA Procedural Notice: Change of Ownership Transactions Involving PPP Borrowers
On October 2, 2020, the U.S. Small Business Administration (SBA) released a Procedural...
Feds Issue New COVID-19 Guidance
Feds Issue New COVID-19 Guidance New guidance from the Department of Labor and the Equal...
New FFCRA emergency leave guidance
The U.S. Department of Labor (DOL) has issued advice for businesses reviewing employee requests...