Holly Ferguson | Albin, Randall and Bennett

SBA Issues New PPP Interim Final Rule

The SBA recently issued Paycheck Protection Program Interim Final Rule – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs. This PPP interim final rule supplements the previously posted interim final rules by providing additional guidance on treatment of owners and forgiveness of certain nonpayroll costs. Here are several key points stipulated by the Rule: Less

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FinCEN Releases Additional Guidance on BSA/AML Customer Due Diligence for Hemp-Related Businesses

On August 3rd, the Financial Crimes Enforcement Network (FinCEN) issued additional guidance to financial institutions further clarifying the regulatory requirements surrounding customer due diligence (CDD) procedures for hemp-related businesses. This guidance was released specifically to address three frequently asked questions that followed FinCEN’s June 29th release of guidance. FinCEN’s full guidance may be found through

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PPP Loan Forgiveness Workbook

Albin, Randall & Bennett and Boyer & Ritter LLC are CPA firms who enjoy a collaborative relationship. We are happy to have worked together to create our comprehensive tool for PPP Loan Forgiveness. Since our original release, the workbook has been downloaded more than 46,000 times. The latest edition has been streamlined to simplify the

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New PPP Loan Forgiveness Provisions Introduced in Latest SBA/Treasury Interim Final Rule

Last week, the SBA, in conjunction with the U.S. Treasury, issued the revised PPP Loan Forgiveness Application, which incorporates changes as a result of the Paycheck Protection Program Flexibility Act (PPPFA). As you recall from previous emails, the PPPFA provided several new forgiveness criteria, which are incorporated in the Application: Payroll costs must be at

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