At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans) and updates to the original PPP loan. […]
Means Changes to California Property Tax Rules On November 3rd, California voters narrowly passed Proposition 19. Although the results have not yet been officially certified, the proposition is leading with about 51% of the votes at the time of this writing. Prop 19 changes the way property taxes are assessed for family transfers of real […]
PP&Co is pleased to announce the promotion of Scott Watters and Phuong Mayer to the position of Partner. While each has come to the position through a different path – Phuong began her professional career as a computer engineer, while public accounting was Scott’s vocational objective from the start – both share a dedication to […]
Recently the SBA, in consultation with the Treasury Department, released a 10-page document providing answers to 23 FAQs related to PPP loan forgiveness. The FAQs were segregated into the following four categories: General Loan Forgiveness Loan Forgiveness Payroll Costs Loan Forgiveness Nonpayroll Costs Loan Forgiveness Reductions Addressing the FAQs is timely, as the SBA began accepting PPP loan forgiveness applications on August 10th (subject to any legislative changes enacted by Congress). There may be good reasons to wait […]
UPDATED APRIL 9th: HERE is a list of lenders currently accepting PPP loan applications (as of 4/9). Click HERE to find eligible lenders in your area. Applications and Guidelines for the Paycheck Protection Program (PPP) have been released. As we recently indicated, the PPP, which aims to help small businesses retain (and in some cases rehire) their workers, authorizes up to $349 […]
