New PPP FAQ’s

On Tuesday, August 4, 2020 the SBA issued a new set of Frequently Asked Questions on PPP Loan Forgiveness. There are 23 new FAQ’s covering General Loan Forgiveness, Payroll Costs, Nonpayroll

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July 2020 Newsletter

COVID-19 has been very disruptive in the financial world, so for this month’s newsletter, we thought it would be beneficial to revisit a couple of topics that often get very

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Employee Spotlight: Mary Ferguson

As a Manager in Entrepreneurial Services, Mary Ferguson has much experience helping clients with their internal accounting and bookkeeping needs. She is a QuickBooks Desktop and QuickBooks Online Certified Pro

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More Time to Get a PPP Loan!

On Wednesday July 1, 2020, the U.S. House of Representatives passed legislation to extend the June 30, 2020 deadline to apply for a Paycheck Protection Program (PPP) loan to August 8, 2020,

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June 2020 Newsletter

In this month’s newsletter, you can read about where Indiana stacks up in the best states for business, why you should take a break from work, how you can adjust

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Revised Loan Forgiveness Applications

On June 16, 2020, two new applications for PPP loan forgiveness were issued. These applications reflect changes related to the Paycheck Protection Flexibility Act (PPF). The two new loan forgiveness applications include

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The Ever-Evolving World of the PPP Loan

On Friday, June 5, 2020, the President signed the Paycheck Protection Flexibility Act (PPF), which modifies certain provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and Paycheck Protection Program

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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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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