by GPwebsiteV3! | Jan 15, 2021 | Covid-19, GP Articles
The Consolidated Appropriations Act passed in late December revived and expanded the Paycheck Protection Program (PPP). Established under the CARES Act, PPP furnished loans to businesses to pay employee wages and other necessary expenses (rent, utilities, and...
by GPwebsiteV3! | Nov 11, 2020 | Covid-19, GP Articles, MS State
On October 9, 2020 the Mississippi Rental Assistance Grant Program (MRAP) was established to award grants to owners and landlords of Mississippi rental property. When the CARES Act passed in March of this year, it included a moratorium on evictions for non-payment of...
by GPwebsiteV3! | Sep 1, 2020 | Covid-19, GP Articles
On August 8, 2020 President Trump issued an Executive Order allowing the deferral of payroll tax obligations due to the continuing Covid-19 crisis. Last Friday, the IRS issued guidance related to the implementation of this Order (Notice 2020-65). The Order allows...
by GPwebsiteV3! | Jun 30, 2020 | Covid-19, GP Articles
A little more than three weeks ago, President Trump signed into law the PPP Flexibility Act of 2020 (Flexibility Act) which made some significant changes to the Paycheck Protection Program (PPP), a loan program introduced in the CARES Act of 2020 in March. These...
by GPwebsiteV3! | Jun 18, 2020 | Covid-19, GP Articles, Tax Reform
The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the U.S. Tax Code passed in 2017. Of course, 2017 seems like decades ago considering all that has transpired since then, most notably the coronavirus pandemic. Unfortunately, it took a worldwide catastrophic...
by GPwebsiteV3! | Jun 8, 2020 | Business, Covid-19, GP Articles
On June 5, 2020, the President signed into law the Paycheck Protection Program (PPP) Flexibility Act. The Act is meant to add leniency and flexibility to the use of PPP loans by small businesses including updates to some of the requirements and deadlines. These...
