Now is the time to prepare for the road to recovery. With changes constant and released guidance on-going, lean on Sax to stay in the know with the most recent updates made to the relief programs, forgiveness clarifications, best practices for securing aid, and more.
Guidance & FAQs
The Infrastructure Investment and Jobs Act (Infrastructure Act) ended the Employee Retention Credit (ERC) for…
In a series of three Revenue Procedures issued on November 18, 2021, the Internal Revenue…
The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for…
NEW RELIEF FUNDS The Biden-Harris Administration announced that on September 29, 2021, health care providers…
The Small Business Administration (SBA) has enhanced the Economic Injury Disaster Loan (EIDL) Program to…
The Employee Retention Credit (ERC) has provided significant benefits to qualifying taxpayers for the 2020…
The Small Business Administration (SBA) will open an online portal where Paycheck Protection Program borrowers…
In an effort to provide additional economic relief to qualifying businesses and IRC Sec. 501(c)…
The Provider Relief Fund (“PRF”) was established to support healthcare providers, hospitals, physicians, skilled nursing…
Applications are now open for NJ’s Emerge Program, created under the New Jersey Economic Recovery…
On May 4, 2021, the Small Business Administration (SBA) announced that the funds allocated to…
The Restaurant Revitalization Fund is a critical and exciting opportunity for the restaurant industry. While…
Phase 4 provides short-term, immediate payroll and working capital support to NJ small and medium…
The updated coverage period for the Restaurant Revitalization Grant Fund may be extended by 14…
There were concerns among the industry that applying for a grant would require registration in…
President Biden signed the PPP Extension Act of 2021 into law on March 30, 2021,…
The U.S. Small Business Administration (SBA) is targeting early April to launch a phased rollout…
Beginning with the week of April 6, 2021, the Small Business Administration (SBA) will increase…
The March 11, 2021 signing of the American Rescue Plan Act (ARPA) into law brought…
All eligible businesses (restaurants, caterers, food stands, food trucks or carts, saloons, inn taverns, bars…
The American Rescue Plan Act of 2021 established a fund to provide grants to restaurants…
On March 11th, President Biden signed the American Rescue Plan Act of 2021 (ARPA). This…
Released in December 2020, the Consolidated Appropriations Act, 2021 (“CAA”) contained nearly 5,600 pages of…
Your healthcare practice is on the road to recovery and you can start to see…
In an effort to target smaller businesses, the Biden-Harris administration announced changes to the Paycheck…
The application for Phase 2 of the New Jersey Redevelopment Authority’s (NJRA) Small Business Lease Emergency Assistance Grant Program opens on Monday, February 22 at 9:00 am on a first come first served basis.
As a reaction to the economic conditions of the COVID-19 pandemic, the federal government has established a series of relief packages for businesses, including the Paycheck Protection Program (PPP).
Due to legislation passed in late December 2020, eligible employers with a Paycheck Protection Program (PPP) loan can now claim the employee retention credit (ERC) when they previously could not.
Due to legislation passed in late December 2020, the Food Service industry can now obtain…
The New Jersey Economic Development Authority (NJEDA) recently announced that the date for pre-registration for…
Not-for-profit organizations looking to participate in the second round of the Paycheck Protection Program (PPP)…
In an effort to provide additional economic relief to qualifying businesses and IRC Sec. 501(c)…
The Department of Health and Human Services’ (HHS) Provider Relief Funding (PRF) reporting portal has…
On January 19, 2021, the Small Business Administration (SBA) released the revised Form 3508S for…
With the recent re-opening of the Paycheck Protection Program (PPP) portals for all borrowers, the…
On January 6, 2021, the Small Business Administration (SBA) and U.S. Department of Treasury issued…
The Small Business Administration (SBA), along with the Treasury Department, announced that the Paycheck Protection…
On December 30, 2020, the Small Business Administration (SBA) extended the deadline to apply for…
The long-awaited new stimulus package was approved by Congress late Monday, December 21, and is…
While not the news borrowers were hoping for, on November 18, 2020, the Internal Revenue…
On Tuesday, October 13, New Jersey Governor Phil Murphy made $100 million in relief available…
In an effort to gather supporting information behind Paycheck Protection Program (PPP) loans in excess…
In an effort to gather supporting information behind Paycheck Protection Program (PPP) loans in excess…
As part of the CARES Act, the Department of Health and Human Services (HHS) has…
2020, to say the least, has been a tumultuous year. Irrespective of size and location,…
On Tuesday, October 13, New Jersey Governor Phil Murphy announced $100 million in relief will…
On October 8, 2020, the Small Business Administration (SBA), in conjunction with the U.S. Treasury…
While Hamlet may have hypothesized over the famous query “To Be or Not to Be?”,…
At the start of 2020, no one could have expected what lie ahead. The effects…
On August 24, 2020, the Small Business Administration (SBA) issued additional and long awaited guidance…
On July 31, 2020, the U.S. Department of Health and Human Services (HHS) granted another…
On August 14, 2020, the U.S. Department of Health and Human Services (HHS) provided details…
As small businesses continue to seek credit and financing opportunities to stem the tide of…
On August 8, 2020, President Trump signed four executive orders to provide economic assistance as…
In a much-anticipated move, the Small Business Administration (SBA), in conjunction with the U.S. Department…
The Federal Reserve has announced an extension through December 31 of its lending facilities that…
Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on…
New Jersey Governor Phil Murphy has announced The Small Business Lease – Emergency Assistance Grant…
The Federal Reserve has recently announced that the Main Street Lending Program is now available…
On July 4, 2020, a five-week extension of the Paycheck Protection Program (PPP) was officially…
On June 22, 2020, the Small Business Administration (SBA) issued its latest Interim Final Rule,…
On June 16, 2020, the Small Business Administration (SBA) released the revised Form 3508, Paycheck…
On Monday, June 15, the Federal Reserve officially launched the Main Street Lending Program, a…
Effective June 15, 2020, the Small Business Administration (SBA) announced that it will begin accepting…
The Small Business Emergency Assistance Grant Program from the New Jersey Economic Development Authority (NJEDA)…
The swift passage of the Paycheck Protection Program Flexibility Act (PPP Flexibility Act) of 2020…
Prior to the long Memorial Day Weekend, the Small Business Administration (SBA) released two Interim…
The Small Business Administration (SBA) issued two Interim Final Rules on Friday, May 22nd. The…
On May 18, 2020, the Small Business Administration (SBA) issued an additional Interim Final Rule…
On May 15, 2020, the Small Business Administration (SBA), in consultation with the Treasury Department,…
The SBA issued an additional Interim Final Rule on May 14, 2020. This latest Interim…
The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds…
The Small Business Administration (SBA) just released updated guidance regarding the PPP loan certification through…
On May 12, 2020, the House of Representatives released a $3 trillion, phase four economic…
The Paycheck Protection Program (PPP) certification requirements have been front and center in the minds…
On April 9, 2020, the Federal Reserve released terms surrounding the Main Street Lending Program,…
On Friday, April 24, the “Paycheck Protection Program and Health Care Enhancement Act” was signed…
On April 30, 2020, the Internal Revenue Service (IRS) released Notice 2020-32, providing clarity surrounding…
On April 23, 2020 the SBA issued an updated set of FAQs which included an…
In a continuing effort to clarify the questions and uncertainties surrounding the Payroll Protection Program…
