COVID-19 NEWSROOM
Covid-19 has changed all of our lives and on many different levels. GranthamPoole is dedicated to providing our clients with the latest information on ways that it has and could affect your finances. We’re monitoring and summarizing any changes in state and local legislation as well as providing expert opinions here so check back often.
RECENT NEWS & ARTICLES
Mississippi Coronavirus Relief Bill Signed
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...
Returning to Business – But Not “As Usual”
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...
Your Business Got a Paycheck Protection Program Loan! Now What?
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...
Paycheck Protection Program Loans Subject to Scrutiny
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...
Paycheck Protection Program and Loan Forgiveness
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...
April 15 Income Tax Payment Deadline Extended For Affected Taxpayers
The IRS issued Notice 2020-17 on Wednesday, extending the April 15 income tax payment deadline for many to July 15, 2020. The tax return filing deadline was not extended by this notice. Details may be found in the link below: https://www.irs.gov/coronavirus