Update on PPP First Draw Loan Forgiveness Applications

Businesses who received the first draw PPP loan have 10 months after the end of the borrower’s covered period (the covered period is likely the 24 week period starting the day the PPP funds were disbursed unless if the borrower selected a shorter period) to apply for forgiveness
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Update on HHS Provider Relief Funds

On Friday, June 11, 2021, the Department of Health and Human Services issued updated reporting requirements for the HHS PRF (Provider Reliefs Funds). The Reporting Portal will be open on July 1, 2021. Please see the various charts below, for the final due date of reporting and the use
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Tax Day for Individuals Extended to May 17: Treasury, IRS Extend Filing and Payment Deadline

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. The IRS will be providing formal guidance in the coming days. Individual
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Congress Passes The American Rescue Plan Act (ARP Act)

Today the House passed the American Rescue Plan Act (ARP Act) of 2021 (the stimulus package) with the amendments passed by the Senate, and the Act is expected to be quickly signed by the President. Below are some highlights of the ARP Act. $1,400 per person stimulus payments for taxpa
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IRS Stimulus Payments Update

The IRS says that they have completed distribution of all stimulus checks or payments. The first round of checks of up to $1,200 per person started going out last April. In the second installment, checks up to $600 per person started going out around the new year. Those who still have
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