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The U.S. Small Business Administration has issued a procedural notice providing new guidance regarding the procedures required for changes of ownership of an entity that has received Paycheck Protection Program funds.
View MoreGovernor Bill Lee announced a five-day extension for eligible small businesses to certify for the Tennessee Business Relief Program.
View MoreThe IRS recently published Announcement 2020-12 notifying lenders they should not file cancellation-of-debt information returns or furnish payee statements under Sec. 6050P of the Internal Revenue Code to report the amount of qualifying forgiveness of covered Paycheck Protection Program loans.
View MoreGovernor Bill Lee and the Tennessee Department of Revenue recently announced a new digital eligibility tool for small business owners to determine if their business may be eligible for a Tennessee Business Relief Program payment.
View MoreThe IRS has issued a statement that it is aware that a small population of employers that reduced their tax deposits in anticipation of claiming the sick and family leave credits or employee retention credit may have received a notice stating there was a failure to deposit penalty applicable to the Form 941 on which the credits were claimed.
View MoreThe U.S. Small Business Administration, in consultation with the Treasury Department, recently released a new FAQs document addressing Paycheck Protection Program loan forgiveness.
View MoreOn June 2, 2020, Governor Bill Lee announced the use of federal Coronavirus Relief Funds to assist Tennessee small businesses impacted by the COVID-19 crisis.
View MoreThe IRS has recently announced that due to the COVID-19 pandemic it will provide additional relief to hospital organizations that must meet the Community Health Needs Assessments requirements.
View MoreThe application window for the Paycheck Protection Program has been officially extended to Aug. 8 as the extension has been signed into law by President Trump.
View MoreThe U.S. Small Business Administration recently announced the relaunch of Lender Match, an online tool that will be focused on connecting pandemic-affected small businesses who have not yet applied for or received an approved PPP loan with SBA lenders.
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