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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HHS Provider Relief Funds Update – January 18, 2021

The Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program (PPP) and Health Care Enhancement Act, appropriated funds to reimburse eligible healthcare providers for healthcare related expenses or lost revenues attributable to the coronavirus. The
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Update on EIDL Advances Reduced From PPP Forgiveness

The December 27, 2020 stimulus bill updated the CARES Act and the requirement for the EIDL Advance to be excluded from the amount of the PPP Loan eligible for forgiveness. Guidance was recently issued by the SBA for applications already submitted, the SBA will be remitting a payment t
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Update on Employee Retention Credit

On December 27, 2020, a new stimulus bill (the Consolidated Appropriations Act, 2021) was signed into law adding potential savings for millions. The Act includes changing the eligibility of the Employee Retention Credit (ERC). Under the CARES Act, passed in March 2020, Congress genera
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