by admin | Apr 27, 2020 | Tax
The Paycheck Protection Program was designed to not cost the borrowers anything if they used the money correctly. So banks were given a fee as high as 5% paid by SBA, which is more than normal, possibly because they were expected to share some of it. Borrowers Need...
by admin | Apr 23, 2020 | Tax
Originally published on Forbes.com. The wording in the CARES legislation about the certification required for a Paycheck Protection loan was so vague- uncertainty of current economic conditions makes necessary the loan request – that it was very hard to see how...
by admin | Apr 22, 2020 | Tax
Originally published on Forbes.com. The immensely popular Paycheck Protection Program quickly ran out of money. There are myriad questions and concerns about the program, but the bill that just passed the Senate which Politico has made available here pretty much just...
by admin | Apr 21, 2020 | Tax
Originally published on Forbes.com. When Daryl and Maury Carter were featured in Forbes in 1993, it was because of their unusual real estate investment strategy – raw land and no leverage. Well now they distinguish themselves for another reason. Maury L Carter...
by admin | Apr 17, 2020 | Tax
Originally published on Forbes.com. Although there are a number of programs that are supposed to help businesses and workers cope with the COVID-19 disaster included in the CARES Act, the two that stand out are the Paycheck Protection Program and Federal Pandemic...
by admin | Apr 15, 2020 | Tax
Originally published on Forbes.com. One of the earlier responses of the IRS to the COVID-19 crisis was IR-2020-59- IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Ironically, one practitioner sees the IRS...
