PPP Loan Question # 46: “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request? To our clients and friends, Over the last two weeks we have seen a significant drop off in the demand for the SBA PPP loan. This drop in demand is in part, …
Axtell Haller & Slachta COVID-19 Update: May 6, 2020
SBA Loan Forgiveness Guidance - Good News! Question # 40: Laid Off Employee Declines to Come Back When Offered to Rehire To our clients and friends. In a previous posting we discussed the complicated rules of the SBA PPP loan forgiveness process and the importance of the counting of …
IRS Notice 2020-32 Disallows the Deduction for Expenses if Reimbursed by SBA PPP Loan Funds
Axtell Haller & Slachta COVID-19 Update: May 1, 2020 To our clients and friends. We had indicated in our last e-mail discussing the SBA PPP loan forgiveness guidance there was uncertainty as to the deductibility of expenses if those same expenses were included in the forgiveness …