We noted in a June 5 BNN article that some new guidance and forms became available related to the most recent changes in the PPP landscape, primarily consisting of loan applications that had been updated for the expanded terms provided by H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”).
During a June 10, 2020 press conference, Federal Reserve Chairman Jerome Powell stated that the Federal Reserve is “in the final run-up” to commencing the Main Street Lending Program (MSLP).
Trade publication Accounting Today has once again ranked Baker Newman Noyes among the top firms in the United States and in the New England region, according to its 2020 Top 100 Firms report, which ranks firms in order of net revenue for 2019.
In April 2020, the Federal Financial Institutions Examination Council (FFIEC) issued a joint statement to highlight security risk management practices for cloud computing services.
In these times of economic uncertainty, companies are looking into many different means of increasing cash flows. Reducing income taxes is a great way to achieve that goal and can often be accomplished by taking advantage of available tax credits.
I hesitate to count, but I think we can all agree that the volume and pace of regulatory guidance that has been released during the past few months related to the coronavirus pandemic has been staggering, and the number and frequency of changes and differing interpretations of these directives is a challenge to keep up with.
(To reflect changes of the Paycheck Protection Program Flexibility Act of 2020) In a June 5 article, we described changes, mostly to PPP loan forgiveness criteria, that were set in motion by H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), noting that more guidance