PPP Loan Forgiveness Interim Final Rule

On Friday, May 22, the SBA released two new interim final rules for PPP loans. The interim final rules can be found at: https://home.treasury.gov/system/files/136/PPP-IFR-Loan-Forgiveness.pdf https://home.treasury.gov/system/files/136/PPP-IFR-SBA-Loan-Review-Procedures-and-Related-Borrower-and-Lender-Responsibilities.pdf This new guidance addresses requirements

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Loan Forgiveness Application

On Friday, May 15, the SBA released the much anticipated application for PPP loan forgiveness. The application and instructions can be found here. The application will be submitted by the

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PPP FAQ Update

On May 13, 2020, the United States Treasury Department (the Treasury) issued an update to the PPP FAQs. The update includes Questions 46 and 47. Question 46 appears to be

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Main Street Lending Program

(Editor’s Note: All information included herein is as of April 21, 2020) As you may have heard, the PPP & EIDL loans are currently on hold pending further congressional action.

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April 2020 Newsletter

In this month’s newsletter, we explore how to lead during a crisis, tax return deadline extensions, business recovery, our COVID-19 Resource Center and more!

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Are You Leading?

By Tom Sponsel, CPA/ABV, CFF Managing Partner tsponsel@sponselcpagroup.com  In the midst of this crisis, it’s all too easy to grow overwhelmed and lose sight of the long-term vision for your

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What Will Your Recovery Look Like?

By Lisa Purichia Partner, Director of Accounting & Retirement Plan Services lpurichia@sponselcpagroup.com As you cope with the continuing impact of COVID-19, you’re probably struggling with day-to-day operations rather than planning

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COVID-19 Resource Center

At Sponsel CPA Group, we are keenly aware of the impact of the coronavirus (COVID-19) and have created a resource center with important information. View Resources