K·Coe Insights: Posts from category

COVID-19

More PPP Forgiveness and Loan Review Procedures Released: Top Takeaways

By K·Coe Editorial | May 26, 2020
,

Reading Time: 3 minutes The latest Interim Final Rule (IFR) on Paycheck Protection Program (PPP) Loan Forgiveness issued by the Small Business Administration (SBA) was released just before the holiday weekend.  Here, K·Coe advisors break down the high-level takeaways that offer some important clarifications for borrowers and lenders. Clarifications and Additions for Loan Forgiveness …

Read moreMore PPP Forgiveness and Loan Review Procedures Released: Top Takeaways

Highlights of CFAP Relief for Farmers and Ranchers

By K·Coe Editorial | May 20, 2020
, , , ,

Reading Time: 5 minutes Update 5/21: CFAP Update & Good News for Exporters: The Form CCC-942 that was released this week to certify 75% of Adjusted Gross Income (AGI) is from farming, indicates an IC-DISC dividend derived from farming or ranching activities is considered farm income. This is a change K·Coe has been pushing …

Read moreHighlights of CFAP Relief for Farmers and Ranchers

SBA Issues First Guidance for PPP Loan Forgiveness Application

By K·Coe Editorial | May 19, 2020
, ,

Reading Time: 5 minutes On May 15, the Small Business Administration (SBA) released the long-awaited Paycheck Protection Program (PPP) Forgiveness application and instructions. While there is not yet clear guidance on the details of loan forgiveness (the SBA plans to release regulations and guidance soon to assist borrowers as they complete their loan forgiveness …

Read moreSBA Issues First Guidance for PPP Loan Forgiveness Application

SBA Issues New Guidance on PPP Loan Amounts for Partnerships and Seasonal Employers

By K·Coe Editorial | May 15, 2020
,

Reading Time: 5 minutes It’s been a winding, foggy road for partnerships and seasonal employers trying to apply the Small Business Administration’s (SBA’s) guidance on Paycheck Protection Program (PPP) to their business structures.  In this article, K·Coe advisors provide a summary of the April Interim Final Rule (IFR) updates, the May loan increase IFR …

Read moreSBA Issues New Guidance on PPP Loan Amounts for Partnerships and Seasonal Employers

PPP Loan Update: SBA Releases ‘Good Faith’ and Safe Harbor Thresholds

By K·Coe Editorial | May 13, 2020
,

Reading Time: 2 minutes Update: Safe Harbor date extended to May 18, 2020 for PPP loan repayment. In response to uncertainties surrounding the good faith certification requirement on Paycheck Protection Program (PPP) loans, the Small Business Administration (SBA), in consultation with the Department of the Treasury, has announced a determination of safe harbor for …

Read morePPP Loan Update: SBA Releases ‘Good Faith’ and Safe Harbor Thresholds

Fed Provides Clarity on Main Street Lending Program for Small and Medium-size Businesses

By K·Coe Editorial | May 1, 2020
, , , ,

Reading Time: 3 minutes Following its release of the Main Street Lending (MSL) program three weeks ago, the Federal Reserve has issued more detail on guidance, answered Frequently Asked Questions (FAQs), and made some adjustments to the original scope of the program. “After listening to the press conference delivered by Fed Chair Powell, and …

Read moreFed Provides Clarity on Main Street Lending Program for Small and Medium-size Businesses

PPP Certification Criteria: 3 Questions for Every Business

By K·Coe Editorial | May 1, 2020
, ,

Reading Time: 3 minutes Recently, we learned that Shake Shack, the LA Lakers organization, and many other businesses have returned Paycheck Protection Program (PPP) funds due to concerns over alleged misuse of the program’s loan criteria.  In response to these highly publicized events, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza …

Read morePPP Certification Criteria: 3 Questions for Every Business

PPP Update: Good News for Businesses with H-2A Workers

By K·Coe Editorial | April 28, 2020
, , , , ,

Reading Time: 2 minutes Earlier in April, the Small Business Administration (SBA) and Department of Treasury addressed whether businesses should include any non-U.S. laborers in their employee count applicable to the Paycheck Protection Program (PPP) by simply excluding any compensation of an employee whose principal place of residence is outside of the United States.  …

Read morePPP Update: Good News for Businesses with H-2A Workers

Categories