PPP loans and Employee Retention Credits have both had numerous changes since they were originally enacted into law by the CARES Act on March 27, 2020. The purpose of this…
Every employer, both for profit and non-profit, should determine if they are eligible for “employee retention tax credits” (ERC). AccuPay has been working with employers and their CPA/consulting firms to…
We recently wrote a PayDay with our first observations on the new pandemic stimulus law. We suggest that you read our previous PayDay for some basic information about PPP loans,…
The COVID relief stimulus bill, titled “Consolidated Appropriations Act 2021 (hereafter CAA), was signed into law the evening of Sunday, December 27, 2020. The CAA contains several provisions which will…
AccuPay has been immersed in the Paycheck Protection Program concepts, processes and procedures since the PPP loan program was initiated as part of the CARES Act, enacted into law on…
The SBA/Treasury released 2 new loan forgiveness forms this week, along with instructions and a new “interim final rule.” The “upshot” of these SBA releases is that “owner-employees, self-employed individuals/independent…
The Paycheck Protection Program Flexibility Act (PPP Flex) was signed into law on June 5, 2020, and makes significant enhancements in the ability of small employers to obtain forgiveness of…
On May 22nd, the SBA released further clarification regarding PPP loan forgiveness concepts and calculations, as a follow-up to its recently released SBA Form 3508, which is the current 11…
CARES Act PPP/SBA loans provide that qualifying costs (payroll, rent, interest and utilities) paid or incurred during the 8 week “covered period” may qualify for partial to complete “loan forgiveness”…