June 5, 2020

New Law Provides PPP Relief

On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law to further help small businesses affected by COVID-19. The goal of […]
May 27, 2020

SBA Releases Loan PPP Forgiveness Application and Additional Guidance

Recently the Small Business Administration (SBA) released the PPP Loan Forgiveness application and instructions and Interim Final Rule on Loan Forgiveness. While some questions still remain, […]
May 19, 2020

New Website Provides Helpful Recovery Resources for Businesses

As Michigan gradually begins lifting the stay-at-home order, “business as usual” will have become a thing of the past for both business owners and employees. Contemplating […]
May 1, 2020

Expenses Paid With Forgiven Portion of PPP Loan Are Not Deductible

The Paycheck Protection Program (PPP) Loans have drawn all types of struggling businesses during this COVID-19 crisis. The primary draw was the added provision of 100% […]
April 29, 2020
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Paycheck Protection Program (PPP) Loan Forgiveness

Now that many business owners are past the stressful work of navigating the Paycheck Protection Program (PPP) application process, it seems like the hardest part is […]
April 11, 2020

Self-Employed, Other Newly Eligible Workers Can Apply for Unemployment on Monday, $600 Federal Payments Also Begin

Michigan’s self-employed workers, gig workers, 1099-independent contractors and low-wage workers affected by COVID-19 can apply for federal Pandemic Unemployment Assistance (PUA) beginning Monday, April 13 at […]
April 11, 2020

CARES Act – Employer Retention Credit

Another provision provided in the March 27th CARES Act to help businesses keep their employees on payroll is the Employer Retention Credit (ERC). The ERC provides […]
April 1, 2020

CARES Act – Student Loan Forgiveness

There has been some confusion as to what affect the CARES Act has on Federal student loans. Prior to the CARES Act, the president announced a […]
March 31, 2020

CARES Act – Funding Programs for Businesses

Economic Injury Disaster Loan (EIDL) Advance Summary: Small businesses will be eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The […]