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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CARES ACT: Retirement Plan Impact

By Bill Barks Director, Retirement Plan Services bbarks@sponselcpagroup.com The CARES Act was signed into law March 27, 2020. Below are the key provisions affecting retirement plans: Hardship Distributions: The CARES Act

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The Families First Coronavirus Response Act

By Lisa Purichia Partner, Director of Accounting & Retirement Plan Services lpurichia@sponselcpagroup.com Author’s Note: This is VERY IMPORTANT information for employers. Additional supporting regulations and guidelines are to be issued this

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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