SBA answers some FAQs about PPP and EIDL loans

SBA answers some FAQs about PPP and EIDL loans

The following are frequently asked questions from the Small Business Administration. Can I apply for both the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program? Answer: Borrowers can apply for both an SBA Economic Injury Disaster Loan (EIDL) and...
CARES Act Details For Businesses And Individuals

CARES Act Details For Businesses And Individuals

Fast on the heels of passing the Families First Coronavirus Response Act (a law which ensures paid sick leave and unemployment benefits for employees affected by the COVID-19 pandemic along with payroll tax credits for affected employers), Congress passed and the...
CARES Act Individual Stimulus Checks Update

CARES Act Individual Stimulus Checks Update

President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to mitigate the impact of the Coronavirus pandemic. The CARES Act includes stimulus payments of $1,200 for each individual and $500 for...
QBI – Qualified Business Income Deduction

QBI – Qualified Business Income Deduction

In the new tax code styled as the Tax Cuts and Jobs Act, there are lots of new, eliminated or significant changes to existing deductions. The TCJA introduces new terminology for 2018 to go along with the enormous volume of actual tax code and regulation changes. One...
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