Qualified Opportunity Fund Investments: IRS Provides Additional Relief
On January 20, 2021, the IRS released Notice 2021-10 to provide additional relief to Qualified Opportunity Funds (“QOF”) and their investors in...
SBA Issues Updated Interim Final Rules on PPP Loan Forgiveness and PPP Loan Forgiveness Applications
Late Tuesday night (1/19/21), the SBA published an “Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by the...
New York State to Conform to Federal Rules and Not Tax Forgivable PPP Loans
In a surprising announcement, New York State has provided updated guidance that they will now conform and adopt the federal rule contained within the...
Employee Retention Credit: 2021 Update
If you are an employer that had a significant decline in gross receipts over the last 12 months or faced full or partial mandatory closure by...
Consumer Financial Protection Bureau Finalizes Ability to Repay and Qualified Mortgage Rules
The Bureau of Consumer Financial Protection (still the CFPB) has finalized long-coming rules around Ability to Repay (ATR) and Qualified Mortgages...
PPP Reopening: Round 1 and Round 2 PPP Loan Updates
Here is what we know about the PPP reopening: PPP Round 1 loans will reopen to those businesses that have not yet received a PPP loan on Monday,...
3 Common Business Valuation Methods
If you watch a television show like Dancing With The Stars or America’s Got Talent, it may seem that the judges’ scores are arbitrary and subject to...
Key Service Provider Assessment and Monitoring: Methods to Periodically Assess Third-Party Risk
When it comes to managing third-party risk, most organizations already have a formal due diligence process for evaluating potential vendors. Having...