General News

President Executive Order

Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance
Unable to Strike Deal, President Trump Issues Executive Orders for Economic Assistance 400 400 SAX

On August 8, 2020, President Trump signed four executive orders to provide economic assistance as the self-imposed deadline for Congress to reach a coronavirus relief package passed.  These four executive…

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Federal Reserve

The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020
The Federal Reserve Will Extend Its Lending Programs Through December 31, 2020 400 400 SAX

The Federal Reserve has announced an extension through December 31 of its lending facilities that were initially scheduled to expire on or around September 30.  The lending facilities are geared…

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Senate

Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package
Senate Unveils $1 Trillion “HEALS Act” Coronavirus Relief Package 400 400 SAX

Following weeks of speculation and negotiations, the Senate released its latest coronavirus relief package on Monday, July 27, 2020.  Dubbed the “HEALS Act”, this $1 trillion GOP economic and stimulus…

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Q&A: Net Investment Income (III) Tax Protective Refund Claims
Q&A: Net Investment Income (III) Tax Protective Refund Claims 150 150 SAX

Our July 7 article, “Net Investment Income (III) Tax Protective Refund Claims”, discussed  the potential filing of protective claims for the 2016 tax year.   Based on questions we have received…

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Federal Reserve

The Main Street Lending Program is Now Available For Non-Profits
The Main Street Lending Program is Now Available For Non-Profits 400 400 SAX

The Federal Reserve has recently announced that the Main Street Lending Program is now available for non-profit organizations seeking COVID-19 relief. On July 17, 2020, final terms were released for…

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Healthcare

Dentists Have Until July 24 to Apply for the Provider Relief Fund
Dentists Have Until July 24 to Apply for the Provider Relief Fund 400 400 SAX

The U.S. Department of Health and Human Services (HHS) recently announced it will now allow dentists and other dental providers to apply for relief from the Public Health and Social…

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PPP

Paycheck Protection Program (PPP) Gets a 5-week Application Extension
Paycheck Protection Program (PPP) Gets a 5-week Application Extension 600 600 SAX

On July 4, 2020, a five-week extension of the Paycheck Protection Program (PPP) was officially passed, extending the application deadline to August 8 (previously set to close on June 30). …

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New SBA Guidance

PPP Loan Forgiveness Update: SBA Issues New Interim Final Rule to Provide Additional Guidance Surrounding Loan Forgiveness
PPP Loan Forgiveness Update: SBA Issues New Interim Final Rule to Provide Additional Guidance Surrounding Loan Forgiveness 400 400 SAX

On June 22, 2020, the Small Business Administration (SBA) issued its latest Interim Final Rule, providing borrowers and lenders with additional guidance surrounding the Paycheck Protection Program (PPP) loan forgiveness…

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Main Street Landing Program

Main Street Lending Program is Now Live
Main Street Lending Program is Now Live 400 400 SAX

On Monday, June 15, the Federal Reserve officially launched the Main Street Lending Program, a series of loan facilities aimed at supporting small to medium sized businesses combating the coronavirus…

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PPP Flexibility Act

PPP Loan Forgiveness Update: Passage of PPP Flexibility Act Provides Borrower Options
PPP Loan Forgiveness Update: Passage of PPP Flexibility Act Provides Borrower Options 400 400 SAX

The swift passage of the Paycheck Protection Program Flexibility Act (PPP Flexibility Act) of 2020 has brought welcome relief to borrowers who may be nearing the end of the 8-week…

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