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$900 Billion COVID-19 Relief Bill Passed by Congress

Posted on December 22, 2020 by Pivotal Finance - COVID-19

It took months of contentious negotiations, but on the evening of December 21, Congress voted to approve a second stimulus package intended as a relief measure for businesses and individuals adversely affected by the COVID-19 pandemic.

Lawmakers Unveil Framework of Paycheck Protection Program Round 2 for Small Businesses

Posted on December 17, 2020 by Pivotal Finance - COVID-19

A $908 billion COVID-19 economic relief package first unveiled December 1 by lawmakers is gaining traction from congressional Democrats and Republicans, sparking hope that passage could occur on or before December 18.

Due Date for Qualified Opportunity Funds and Investors Extended by IRS

Posted on July 25, 2020 by Pivotal Finance - Taxes

A current IRS Notice builds on prior efforts to provide taxpayer relief by further extending the due date for what is known as the 180-day investment requirement. This Notice could make a significant impact on the operations of qualified opportunity funds (QOFs) and their investors.

Congress Approves Legislation to Ease PPP Loans to Small Businesses

Posted on June 25, 2020 by Pivotal Finance - COVID-19

The Paycheck Protection Program (PPP) helps small business owners and other individuals adversely affected by the COVID-19 pandemic. In particular, the loans provided through the program are forgivable as long as borrowers retain their employees on payroll for a defined number of weeks.

SBA Simplifies the Loan Forgiveness Application, Introduces EZ Option

Posted on June 18, 2020 by Pivotal Finance - COVID-19

PPP Loan

On the heels of congressional action that makes the Paycheck Protection Program (PPP) more flexible to use, the SBA and Treasury Department have unveiled a simplified full loan forgiveness application form along with an EZ version of the form.

New Guidance from SBA Addresses Borrowers’ Good Faith Certification

Posted on June 1, 2020 by Pivotal Finance - COVID-19

PPP SBA

On May 13, 2020, the Small Business Administration (SBA) released an update to its frequently asked questions that addresses borrowers’ required good-faith certification in regard to the necessity of their Paycheck Protection Program (PPP) loan request.

Recent Posts

  • $900 Billion COVID-19 Relief Bill Passed by Congress
  • Lawmakers Unveil Framework of Paycheck Protection Program Round 2 for Small Businesses
  • Due Date for Qualified Opportunity Funds and Investors Extended by IRS

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  • COVID-19
  • Taxes

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