Nonprofit
SBA Issues Procedural Notice for PPP Lender Forgiveness Reviews & Submissions
On July 23rd, the Small Business Administration (SBA) issued the following Procedural Notice regarding the process which lenders must follow in their review of your Paycheck Protection Program (PPP) forgiveness…
Mercadien Webinar Replay: Are You Ready to Submit Your PPP Forgiveness Application?
Frank Pina, CPA, Sherise D. Ritter, CPA, Kyle Neeld, CPA, Managing Directors & Elizabeth LaCorte, CPA, Manager, presented a webinar Are You Ready to Submit Your PPP Forgiveness Application? on Wednesday,…
Update to Our PPP Loan Forgiveness Implementation Guide
The PPP Loan Program Evolution Continues As suspected back in May when Mercadien published its Paycheck Protection Program (PPP) Loan Forgiveness Implementation Guide, many rules have evolved and changed for…
Updated Guidance on Available Payroll Credits – New Form 941 – 2nd Quarter 2020
Due to the COVID-19 pandemic, the IRS announced a payroll tax credit as well as other relief over the past few months. With the 2020 second quarter payroll tax return…
PPP Alert – Senate Agrees to Extend PPP Loan Program to August 8th
The Senate passed a bill to extend the filing deadline for Paycheck Protection Program (PPP) loans late on June 30th, just hours before the Small Business Administration (SBA) was set…
PPP Loan Alert – SBA & Treasury Issue Guidance on PPP Flexibility & Updated Applications
On June 10, 2020, the Small Business Administration (SBA) and Treasury Department issued an interim final rule to address changes made by the Paycheck Protection Program Flexibility Act (PPPFA). Streamlined…
Changes to PPP – What Should You Know?
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (PPPFA). The PPPFA provides flexibility to borrowers attempting to maximize the benefits provided…
Mercadien Webinar Replay: SECURE & CARES Acts – Impacts on Your Retirement Plan
Peter Ponzio, CPFA, Senior Vice President of Penn Investment Advisors, Inc. & Melissa B. Kurtzman, Shareholder & Co-Chair, Employee Benefits Practice Group of Littler presented a webinar SECURE & CARES…
SBA Interim Final Rules on PPP Loan Forgiveness & Borrower/Lender Responsibilities
On May 22, 2020, new interim final rules were released by the Small Business Administration (SBA) providing guidance to borrowers and lenders regarding the SBA’s review process under the Paycheck…
NJEDA Update: Small Business Emergency Assistance Grant Program – Phase 2 Info Now Available
The New Jersey Economic Development Authority (NJEDA) recently announced $50 million in new funding and broader eligibility criteria for the Small Business Emergency Assistance Grant Program. Under the newly-expanded program,…