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...
by GPwebsiteV3! | May 28, 2020 | Business, Covid-19, GP Articles
Last week, Governor Tate Reeves signed a bill to provide $300 million in relief to small businesses in Mississippi. The $300 million is part of the federal relief provided to states in the CARES Act passed in Washington on March 25. The Mississippi relief bill...
by GPwebsiteV3! | May 26, 2020 | Business, Covid-19, GP Articles
I started joking weeks ago that overuse of the word “unprecedented” resulted from everyone’s avoiding use of more colorful terms when distinguishing the new world from pre-pandemic reality. You’ve barely been able to get through a news conference since mid-March...
by GPwebsiteV3! | May 5, 2020 | Covid-19, GP Articles
Recipients of PPP loans have 8 weeks from the date of funding to spend the loan on specific allowable expenses if they want to benefit from the program’s forgiveness provisions. Taking care of some details on the front end will surely help with forgiveness on the...
