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...
by GPwebsiteV3! | Apr 30, 2020 | Covid-19, GP Articles
Two aspects of the PPP loan program have made it extremely popular. First, the opportunity for most or possibly all of the loan to be forgiven and second, significantly less documentation and proof of need being required from the borrower supporting how they have been...
by GPwebsiteV3! | Apr 27, 2020 | Covid-19, GP Articles, Tips
If you are one of the fortunate businesses to receive a Paycheck Protection loan from the SBA in the first round of CARES Act funding, you have cleared a major hurdle in sustaining your business during an uncertain time. Now, the task of securing loan forgiveness...
by GPwebsiteV3! | Mar 2, 2020 | Business, GP Articles
In 2002, the Supreme Court of Mississippi ruled on Singley v. Singley. Singley established the treatment of goodwill in business valuations attendant with divorce cases. Under Singley and subsequent rulings, goodwill is excluded from the fair market value of a...
