On March 15, 2022, the U.S. Small Business Administration (SBA) announced an additional 6-month deferral on Economic Injury Disaster Loans (EIDL), changing the total deferment from 24 to 30 months…
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On January 27, 2022, the Small Business Administration (SBA) released a procedural notice providing borrowers with a process to appeal certain situations in which the lender approved only partial Paycheck Protection…
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The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for wages paid after September 30, 2021 for many employers. Recovery startup businesses, however, may continue…
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Employers who took advantage of the CARES Act employer payroll tax deferral in 2020 are reminded that 50% of the deferred taxes must be paid no later than December 31,…
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The Small Business Administration (SBA) will open an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their…
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On May 7, 2021, New Jersey Governor Phil Murphy announced an additional $275 million in aid is on its way for small businesses and individuals hit hard by the COVID-19…
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On May 4, 2021, the Small Business Administration (SBA) announced that the funds allocated to the Paycheck Protection Program (PPP) general fund had been exhausted. While Congress recently reached an…
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The recently proposed “For the 99.5% Act” would bring sweeping changes to the taxation of estates and inherited gains, while the “Sensible Taxation and Equity Promotion Act” (STEP) would eliminate…
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The Restaurant Revitalization Fund is a critical and exciting opportunity for the restaurant industry. While it’s another helpful program, it also requires attention to detail. Below are the topics you…
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The recently proposed “For the 99.5% Act” would bring sweeping changes to the taxation of estates and inherited gains, while the “Sensible Taxation and Equity Promotion Act” (STEP) would eliminate…
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