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The CARES Act: A Closer Look at Certain Provisions for Manufacturers
Manufacturers have a lot on their minds, from maintaining operations and adapting business models to navigating supply chain and workforce issues. The CARES Act was
SBA & Treasury Issue Simplified PPP Forgiveness Application for Smaller Loans
On October 9th, the SBA and US Treasury announced a new, simpler loan forgiveness application and process for PPP recipients of loans for $50,000 or
Credit Unions Must Notify PPP Borrowers of Extended Deferral Period
The Paycheck Protection Program Flexibility Act of 2020 extended the 6 month deferral period for Paycheck Protection Program (PPP) borrower payments of principal, interest, and
IRS Issues Final Regulations for Meals and Entertainment
The Tax Cuts and Jobs Act (TCJA) of 2017 changed the deduction businesses are allowed for meals and entertainment. Upon passage of the TCJA, the
PPP Loans and Buying or Selling a Dealership
We are seeing more buy/sell activity in the auto industry. During the documentation phase of these transactions we’ve been advising sellers, and buyers, what should
FinCEN Director Calls on Credit Unions and Banks for Help: SARs Related to COVID-19
The 2020 ACAMS Annual AML & Anti-Financial Crime Conference was held this week, and Financial Crimes Enforcement Network (FinCEN) Director Ken Blanco was among the
SBA’s Shuttered Venue Operators Grant Program
The Shuttered Venue Operators Grant (SVOG), a program established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, makes $15 billion in
SBA’s Payments Toward Certain 7(a) Loans, 504 Loans & Microloans Are Nontaxable
Section 1112 of the CARES Act required the SBA to make payments for a period of 6 months to cover principal, interest, and any associated
SBA Offers One-Year Extension to Eligible 8(a) Business Development Program Participants
The SBA is offering an extension of the 8(a) Business Development Program (the 8(a) Program) to certain participants due to COVID-19. To account for a
About Samantha Pedersen
Meet ARB Director Congratulations to Albin, Randall & Bennett Director, Samantha Pedersen, on her recent nomination to join the Executive Board for the Manufacturers Association
Payroll Tax Deferral: What’s New Since Trump’s Executive Order?
Update as of January 25, 2021: The IRS issued Notice 2021-11 to clarify the adjustments made to Trump’s Payroll Tax Deferral by the COVID-Related Tax