News

We just finished our webinar to review the latest information on the PPP Forgiveness Act signed into law on June 3rd. You can catch the replay here. Our plan is to hold these webinars every other week at the same…

COVID-19 Phase 4 legislation is still in the works (HR 6800) and should be coming sometime after the 4th of July. Items in the bill so far: COBRA subsidies, Liability for business, More direct payments to Americans of up to…

We’ve rounded up a lot of great information about HR 7010, the newest law to be passed that changes everything about your PPP loan forgiveness. June 30th is the last day to be approved for a PPP loan. No loans…

Stop filling out your PPP loan forgiveness application. Everything has changed for the PPP forgiveness with the new law, including a new application for forgiveness coming soon. The big news from the SBA today is that the forgiveness percentage is…

President Trump has signed into law HR 7010 giving employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness. As of Friday, June 5, 2020, this legislation does not address tax-deductibility of expenses paid with…

As I mentioned yesterday, the situation in the Senate was very fluid. About an hour after I sent my email, the Senate reversed course and approved the bill from the House for the PPP forgiveness relief. Also, below are a…

You might not be aware of the potentially detrimental details included in HR7010 (the House bill that passed last week). First, they reduced the PPP loan expenditures dedicated to payroll from a minimum of 75% down to 60%. That sounds…

For Immediate Release Contact: Mayra Pineda   Workforce Heroes Program Placing the COVID-19 Impacted Community Back into Jobs

As of now, there is no word from the Senate on the House proposed changes to the PPP Loan forgiveness Senate Majority Leader McConnell, however, indicated that a vote would be coming very soon. If the Senate does make changes,…

Governor Edwards has announced today that Louisiana is moving to Phase II on Friday, June 5. In the same press conference, Mayor Cantrell issued a statement that New Orleans will remain a little while longer in Phase I until they…