June 12, 2020

The EIDL (Economic Injury Disaster Loan) is to provide financial assistance to small businesses or private non-profit org. that suffered economic injury, which in this case was the coronavirus (COVID-19) pandemic. Although many who have applied to the EIDL are not awar...

June 5, 2020

The U.S. Senate recently approved the House-passed version of the Paycheck Protection Program (PPP) legislation Wednesday night. It is called the Paycheck Protection Flexibility Act which is expected to be signed by the president. What does that mean for you and your b...

May 20, 2020

On April 30, 2020, the IRS issued Notice 2020-32 to address the deductibility of loan amounts received under the Paycheck Protection Program (PPP) of the CARES Act. What does that mean to you who have received a PPP loan?

We're going to quickly go over and simplify what...

May 19, 2020


Recently, we shared about how business owners may potentially land into HUGE tax bills if payroll expenses funded through PPP are disallowed (https://youtu.be/_Q7wBk1pPls).  Bottom line, as a Firm who believes in proactive tax planning, we are to stress the fact that...

When the coronavirus (COVID-19) hit the US market, the majority of the businesses had to shut down due to lockdown orders. Due to the lockdown, Congress established the PPP (Paycheck Protection Program) to provide relief for small businesses as part of the CARES Act. T...

April 14, 2020

Texas Governor Greg Abbott is planning to reveal strategies to slowly reopen businesses in Texas with the aim of revitalizing the economy. The governor recently announced that Goldman Sachs and LiftFund will provide $50 million dollars of loans through SBA's PPP progra...

April 9, 2020

Business owners are facing difficult decisions to keep their business afloat, they need to plan about every option before making a rash decision. With the PPP (Paycheck Protection Program), an expansion of the existing 7(a) loan being recently passed by the CARES Act,...

April 6, 2020

With stay-at-home orders being placed all across the U.S., 30 million small businesses were affected and some had to start laying off their employees The Small Business Administration (SBA) is offering small businesses a forgivable loan to cover payroll and other costs...

March 20, 2020

We have good news to share with business owners in this challenging time. We have received the following information from our strategic partner - Cadence Bank, that business owners can now receive additional funding. 

The U.S. Small Business Adm...

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Differences Between the Current SBA Loan and the Future SBA Loan

March 27, 2020

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