by admin | Nov 25, 2020 | General News
On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which was then signed into law by the President. The Act established the Paycheck Protection Program (PPP) which provided loans to small businesses intended to cover...
by admin | Sep 2, 2020 | General News
*Shared from the Journal of Accountancy, please reach out to your Pugh Advisor if you have any questions. The U.S. Small Business Administration (SBA) and Treasury issued an interim final rule Monday addressing Paycheck Protection Program (PPP) forgiveness issues...
by admin | Aug 31, 2020 | General News
Recently the American Institute of Certified Public Accountants (AICPA) released guidance on accounting and financial reporting for the forgiveness of Paycheck Protection Program (PPP) loans acquired through the Small Business Administration (SBA) as part of the...
by admin | Aug 5, 2020 | General News
The information below was provided by Tre Hargett, Tennessee Secretary of State via an email dated 8/5/2020. The links provided are safe and will take you to a press release as well as a registration page for an informational session scheduled for August 6 at 2PM...
by admin | Jun 18, 2020 | General News
In response to the Paycheck Protection Program Flexibility Act (“PPPFA”) the Small Business Administration (“SBA”) released two new PPP Loan forgiveness forms with instructions (linked below): Revised PPP Loan Forgiveness Application and instructions EZ PPP Loan...
by admin | Jun 4, 2020 | General News
The PPP forgiveness rules continue to evolve. Wednesday night (June 3), the Senate voted unanimously to accept the legislation previously passed by the House and President Trump is expected to sign soon. The Paycheck Protection Flexibility Act extends the deadline...
