The IRS provides almost 200 pages of documents for ERC applications. There are many detailed requirements that take a lot of time to research, including whether wages paid to relatives can be used to claim credit, etc. The application process requires revisions to previously issued 941 forms, person
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The Controller’s Office has compiled the following resources from various agencies to help you navigate available COVID-related aid. For additional program information, please visit the agency’s website or contact your local government. The Controller’s Office will update these resources as more
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On Feb. 22, 2021, the White House announced five changes to the Paycheck Protection Program. One change had a set term of two weeks. The other four would be effective until at least the end of March 2021.These changes were designed to make PPP funds available to very small businesses and others that
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A group of House members led by Rep. Chrissy Houlahan (D-Pa.) sent anICBA-supported letterto the Small Business Administration calling for common-sense reform to Paycheck Protection Program loan forgiveness.Joint Letter:The letter calls on the SBA to forgive PPP loans in which the
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To see the difference between year one and year two of the US Paycheck Protection Program, just look to Baton Rouge, Louisiana.In 2020, when the US announced emergency loans to help small businesses struggling under Covid-19 shutdowns, funding went disproportionately to the higher-income zip codes o
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