New SBA Paycheck Protection Program Loan Guidance

SBA Paycheck Protection Program Loan Guidance: Three Things to Consider Change in Interest Rate The interest rate on the loan is now 1% vs the 0.5% from April 2, 2020, which is down 4% from the CARES Act. Change NOT to include Independent Contractor payments in the loan calculation A business cannot use independent contractors […]

Keiter Webinar: CARES Act Paycheck Protection Program

Note: New guidance on the SBA Paycheck Protection Program has been released. Please note the changes here. Our team is closely monitoring the developments of the COVID-19 pandemic and are working to keep you informed of the implications to you and your business. We have dedicated teams and resources to focus on all aspects of […]

New SBA Guidance on Paycheck Protection Program

By Matt Austin, Managing Director, Keiter Advisors Note: The Paycheck Protection Program Borrower Application Form was made available to small businesses as of April 3, 2020. Observations and Resources for the Small Business Administration’s Paycheck Protection Program (PPP) On March 31, the Small Business Administration (SBA) issued two documents: A sample Paycheck Protection Program Loan Application Paycheck Protection […]

Overview of CAA 2021 Tax Provisions for Businesses

Insights from Keiter’s Tax Team Tax and Non-Tax Provisions for Businesses in Response to COVID-19 The Consolidated Appropriations Act, 2021 (the CAA, 2021), signed into law on December 27, 2020, is a further legislative response to the coronavirus (COVID-19) pandemic. The CAA, 2021 includes numerous provisions that may benefit your business. We have provided a […]

Keiter Webinar-PPP Funding 2.0: What Small Businesses Need to Know

Our advisors are closely monitoring the business impacts related to COVID-19. We are here to provide valuable resources as well as sound advice and strategies to move your business forward through this economic downturn. If you have questions about how these changes impact your unique business situation, please contact your Keiter Representative or Keiter Advisors. We are here to listen and provide […]

Congress Passes Second COVID-19 Relief Package

By Vincent J. Nadder, CPA, Tax Partner and Scott Zickefoose, CPA, CM&AA, Transaction Advisory and Tax and Partner Overview of Additional Coronavirus Relief for Businesses and Taxpayers On Monday, December 21, 2020, Congress passed a $900 billion relief package in response to COVID-19 in connection with its annual spending bill (Additional Coronavirus Response and Relief). […]

IRS Addresses Timing and Tax Deductibility for PPP Loan Forgiveness

SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Transaction Advisory & Tax Partner | Business Turnaround Services New IRS Revenue Ruling 2020-27: Important Tax Details for Paycheck Protection Program Loan Recipients On November 18, 2020, the Internal Revenue Service (IRS) issued Revenue Ruling 2020-27 to address questions surrounding the timing and nature of […]

COVID-19 Impact on Retirement Planning

By Colin Hannifin, CPA, Business Assurance & Advisory Services Senior Manager | ERISA Team Major Changes to Retirement Plans Due to Coronavirus (COVID-19) Pandemic In March, the outbreak of COVID-19 was declared a pandemic by the World Health Organization. Since then, multiple relief initiatives have been enacted in an effort to counteract the economic impact […]

SBA FAQ Update: Modifying Promissory Notes Used for PPP Loans

SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Tax Partner | Business Turnaround Services Team PPP Questions and Answers: What Lenders and Borrowers Need to Know About Deferral Period Extensions and Promissory Notes The Paycheck Protection Program (PPP) was included as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Administered […]

Treasury Releases Additional Guidance on PPP Loans Under $50k

SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Tax Partner | Business Turnaround Services Team SBA Form 3508S Streamlines Forgiveness Process for Paycheck Protection Program Loans Under $50,000 On October 8, 2020, Treasury released its latest Interim Final Rule with the introduction of a streamlined forgiveness processes for Paycheck Protection Program (PPP) loans […]


Contact

How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200

Directions