GRANTHAMPOOLE ARTICLES

CARES Act Makes Long-Awaited Correction to the “Retail Glitch”

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...

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...

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