Entries by Akila Sivakumar

Loan Forgiveness Applications Start August 10, 2020

The Small Business Administration (SBA) has recently told lenders they will start accepting Paycheck Protection Program (PPP) loan forgiveness applications starting August 10, 2020. The SBA had originally stated that borrowers could apply for forgiveness as soon as they had used up all the loan money they wanted to receive forgiveness for. However, the SBA […]

Our PPP Loan Forgiveness Update Overview

In April, The Small Business Association (SBA) issued the Paycheck Protection Program (PPP) to help companies that were affected by the COVID-19 pandemic. The PPP gave loans to small companies with less than 500 employees to help pay for their employee’s payroll. Under the PPP, companies would be allowed to get forgiveness for their loans, […]

Your Unemployment Benefits Will be Taxed

The economic impact of the COVID-19 has been enormous.  Some estimates suggest over 30 million Americans have filed for unemployment benefits as a result of this economic impact. Normally when applying for unemployment, you would be eligible to receive a certain percent of your prior wages for up to 26 weeks, subject to a maximum […]