BTR's News to Use

(6/6/2020)

On June 5th, 2020, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Among the key provisions is a change in the threshold for the amount of PPP funds required to be spent on payroll costs to qualify for forgiveness to 60% of the loan amount. 

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

(5/29/2020)

The House on May 28 overwhelmingly approved the bipartisan Paycheck Protection Program (PPP) Flexibility Bill. However its fate remains uncertain in the Senate.  Below is the summary of the Paycheck Protection Program Flexibility Act of 2020 as currently drafted and approved by the House.

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

(5/27/2020)

The house is expected to vote on a stand-alone, bipartisan paycheck protection program bill. The measure, HR 6886, would make a number of changes to the Coronavirus Aid, Relief, and Economic Security (CARES) Act’s (P.L. 116-136) small business loan program.

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

PPP Loans Under $2 Million Automatically Meet Good-Faith Certification

(5/15/2020)

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

 

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

 

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

 

Topics: taxes, Accounting, BTR, COVID-19, CARES Act, Paycheck Protection Program, PPP, Economic Relief

 

(04/10/2020)

The Department of Treasury and the Internal Revenue Service announced  Yesterday, April 9th, 2020, that they will continue to provide relief to taxpayers during this challenging time with Notice 2020-23 extending additional key tax deadlines for individuals and businesses.

Topics: taxes, IRS, Accounting, BTR, Coronavirus, COVID-19, IRS Updates, pandemic, Tax Deadline, CARES Act, Coronavirus Aid, Relief, and Economic Security Act, Tax Payments, Paycheck Protection Program, PPP

 

(03/31/2020)

 

 

Good News! More information regarding the Paycheck Protection Program has come out!! If you are applying for The Paycheck Protection Program (PPP) or are planning to apply for the PPP please continue reading.

Topics: taxes, Accounting, BTR, Coronavirus, COVID-19, pandemic, CARES Act, Coronavirus Aid, Relief, and Economic Security Act, SBA, Small Business, Emergency Small Business Relief, Paycheck Protection Program, PPP