As the COVID-19 pandemic spread through the world, so too has fraudulent activity that affects small businesses. Crises like the COVID-19 pandemic offer a prime opportunity to prey on unsuspecting businesses while they are preoccupied with keeping their businesses afloat.…
President Donald Trump signed a bill Saturday re-opening the application window for the Paycheck Protection Program (PPP) until Aug. 8. The five-week extension had been approved last week by both chambers of Congress. The U.S. House of Representatives and the…
On June 18, 2020, the California Department of Public Health announced that statewide, the general public is now required to use cloth face coverings when outside the home, with limited exceptions. https://hrwatchdog.calchamber.com/2020/06/californians-must-wear-face-coverings-outside-their-homes/
President Donald Trump has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness. On May 27, 2020, the House passed the Paycheck Protection Program Flexibility Act (PPPFA)…
PPP forgiveness requirements are changing again. The Paycheck Protection Flexibility Act, passed by the House of Representatives yesterday, extends the length of time businesses have to use the PPP loans, to 24 weeks from eight weeks, and pushes back a…
The SBA and Treasury Department rolled out further forgiveness guidance last week in another Interim Final Rule that addresses a burning question entrepreneurs have had for some time: Will I have my PPP forgiveness reduced if a worker I laid…
For your reference: Presenting Santa Barbara County's News Publications and Health Officer Orders from the county's Public Health website. In addition, here's a quick link to the face coverings order that began May 26, 2020. https://publichealthsbc.org/recent-publications/ https://publichealthsbc.org/health-officer-orders/
Businesses that obtained Paycheck Protection Program (PPP) loans now – as of May 15 – have a recipe to follow to have the loans forgiven. You have 56 days after the receipt of the proceeds to spend the money. If…
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan application. Borrowers use the application to determine the loan amount that may be “forgiven” by their lender. Learn more here...
Many small businesses that applied for the PPP Loans haven’t been able to continue operating under current social distancing rules that forced many nonessential businesses to completely or partially close their doors until states and municipalities reopened. Businesses that cannot…
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