SBA Communicates New Guidance on EIDL Advance
SBA Communicates New Guidance on EIDL Advance April 16, 2020 The U.S. Small Business Administration (SBA) has recently communicated to applicants of the Economic Injury Disaster Loan (EIDL) regarding the $10,000 forgivable Advance. In their communication, they state...
Payroll Protection Program (PPP) Loan FAQs
Paycheck Protection Program (PPP) Loan FAQs Updated May 13, 2020 We know there are many questions regarding the SBA Paycheck Protection Program (PPP) loan. The law itself is ambiguous, and the clarifying guidance that followed has been sparse on details and filled...
Paycheck Protection Program (PPP) for Independent Contractors and Self-Employed Individuals
Paycheck Protection Program (PPP) for Independent Contractors and Self-Employed Individuals April 8, 2020 Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive Paycheck Protection Program (PPP) loans to cover certain...
Paycheck Protection Program Update
Paycheck Protection Program (PPP) Update April 3, 2020 New guidance was released Thursday, April 2, 2020, by SBA regarding PPP guidance. It is important to note that SBA clarified that the PPP program is indeed a first-come first-served program, so we highly...
COVID-19 Relief Options to Get Money into Your Pocket
COVID-19 Relief Options to Get Money into Your Pocket Summary of Small Business Emergency Financing March 31, 2020 At HBE, we continue to monitor all of the COVID-19 related financial relief options that are available to our clients. We recognize that the amount of...
FFCRA Paid Leave Provisions
Families First Coronavirus Response Act (FFCRA) – Paid Leave Provisions Payroll Retention Credits, Delay of Payroll Taxes, and Employee Leave Credits March 30, 2020 FFCRA will take effect on April 1, 2020 by giving American businesses including tax-exempt...
Tax-Related Provisions of the 2020 CARES Act
2020 CARES Act What it Means for Business & Individual Income Tax March 30, 2020 Late last week, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This Act, which is the largest government stimulus in history, provides a...
COVID-19: Small Business Financial Relief Options
Small Business Financial Relief Options March 27, 20204:30 PM CST In response to the novel coronavirus (COVID-19) pandemic affecting the business community across the country, the U.S. government has announced several disaster-related expansions to small business...
COVID-19 Action Plan for Business Owners
COVID-19 Action Plan for Business Owners 10 Recommendations for Protecting Your Business March 23, 2020 At HBE, we are hearing from many of our business clients who are being confronted by complex issues they’ve never seen before due to COVID-19. As a small business,...
U.S. Government Provides Coronavirus Relief
U.S. Government Provides Coronavirus Relief Treasury Provides Tax Relief & President Signs FFCRA March 20, 20203:30 PM CST This week, the U.S. government announced the passage of two significant relief measures to provide assistance to taxpayers, businesses, and...