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Hear a discussion on PPP loan forgiveness based upon current guidance with our CARES Team that includes: Overview of the loan forgiveness calculation Information regarding forgiveness reductions related to decreases in FTEs/wages Planning ideas to maximize the benefits of PPP A review of a loan...

On June 4, in response to the ongoing COVID-19 pandemic, Treasury provided increased flexibility for Qualified Opportunity Funds (QOF) and their investors with the release of Notice 2020-39. Find the full notice here and a summary of the highlights below. For more general information on...

The U.S. Senate voted to pass the Paycheck Protection Flexibility Act of 2020 (the Act) yesterday. It now moves to the President for likely signature. The Act contains the following major provisions beneficial to many borrowers participating in the CARES Act Paycheck Protection Program loans. The...

May 22, 2020 On Friday, May 15th, the SBA released the Paycheck Protection Program (PPP) Loan Forgiveness Application, with accompanying instructions. Our team has been brushing up on the details, and though there are still unanswered questions, we now have a good indication of the rules...

On May 13th, Treasury updated its Paycheck Protection Program (PPP) Frequently Asked Questions document by adding #46. As a reminder, in FAQ #31, Treasury had added an unclear requirement requiring that each borrower assess their ability to access other sources of liquidity in relation to their certification for the...

May 7, 2020 The SBA issued revised guidance via FAQ #43 extending the “safe harbor” deadline from May 7th until May 14th relating to repayment of any PPP loan already funded. All borrowers were required to reevaluate whether their loan certification was valid based on revised (but unclear) guidance requiring...

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (the CARES Act or Act), with its reported $2.3 trillion in spending or stimulus. The Act, while primarily targeting economic stabilization and stimulus, also contains a host of...

Portland, Ore. – March 27, 2020 We have summarized below the most recent guidance from Oregon (issued March 25th) and Portland/Multnomah with respect to 2019/2020 filing and payment deadlines, which have been modified in response to the delays provided by the federal government. If you have not...

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