Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have the option to reopen. Since no two businesses are alike — even those in the same industry and location — what makes sense for one company could be a disaster for another. But many questions […]

Businesses that together with their affiliates accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith, according to guidance posted by the U.S. Small Business Administration (SBA) on Wednesday May 13, 2020. According to the […]

Many small business owners have applied for these PPP loans, and have recently, or are just about to, receive the funding.  We would like to provide some best practices as it comes to spending and tracking these funds. Establish a separate bank account for the PPP funds.   Use this account to pay permitted expenses […]