If you received a Paycheck Protection Program (PPP) loan and you have already spent your First or Second Draw funds, it’s time to apply for PPP loan forgiveness. Depending on which draw you received, there are a few things you should know. First Draw PPP loan recipients qualify for full loan forgiveness if they meet the following criteria: Staffing and compensation levels stayed the same during the covered period. At…  Read more

Below is a summary of the stimulus relief for individuals that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on 12/27/2020. Second round of stimulus checks/direct deposits Stimulus payments should start being processed in the coming week(s). Stimulus payments are $600 for each individual ($1200 per couple) and $600 for children age 17 and under. The amount of the stimulus payment will start…  Read more

Below is a summary of the stimulus relief for businesses that is part of the Consolidated Appropriations Act, 2021 (H.R. 133) which was signed into law on 12/27/2020. Paycheck Protection Program second draw Congress has created a PPP second draw available to smaller businesses that can show their business has been impacted by the pandemic. The second draw offers a similar package to the PPP offered out of the  CARES…  Read more