Perspectives

The additional funding is welcome news for small businesses after the original amount allocated for the 7(a) loan program through the Small Business Administration ran out. Read more

It’s critical that you preserve your right to recovery and quantify losses under the terms of a business interruption insurance policy if you are affected by a covered coronavirus-related event. Read more

If your PPP Loan application was not processed by your bank or the SBA in time, you should still pursue filing an application as Congress is considering an expansion of the funding. Read more

The CARES Act contains a provision allowing businesses to defer paying the employer share of Social Security tax incurred between March 27, 2020 and December 31, 2020. Read more

The much-anticipated Cybersecurity Maturity Model Certification was published earlier this year. Compliance efforts are underway across the defense supply chain. Read more

A large part of this Act is to appropriate $349 billion for the Paycheck Protection Program, as part of the 7(a) loan program administered by the Small Business Administration (SBA) for small businesses... Read more

Nick DeLena discusses the new cybersecurity framework for defense contractors, the Cybersecurity Maturity Model Certification and the path to compliance for companies that will be subject to it. Read more

The guidance clarified that a partner’s self-employment income may be included in the calculation of payroll costs for the purposes of calculating the loan amount and loan forgiveness. Read more

They discussed the potential for economic relief through business interruption insurance and outline key elements of a successful claim submission. Read more

The additional relief, outlined in Notice 2020-23, applies to a wider variety of tax filers. The IRS also has announced new tools for taxpayers expecting Economic Impact Payments. Read more