Second Round of Paycheck Protection Program Loans Available

After much deliberation, Congress finally agreed to approve a $900 billion COVID-19 relief package as part of the Consolidated Appropriations Act, 2021. Included in that amount is $284 billion for a second round of the Paycheck Protection Program (PPP). The new relief package includes: • additional funding for new PPP loans • the ability to More

Richard W. Fuller, CPA Privacy Policy

Richard W. Fuller, CPA Privacy Policy The personal, non-public information we collect about you has been derived from the following sources: 1. Applications, tax preparation worksheets and any other documents that you may have provided for us in preparing your tax return. 2. Transactions with us or others. 3. Information we receive from a consumer More

New York State’s New Paid Sick Leave Law Goes Into Effect September 30, 2020

New York State will soon require all employers to provide sick leave to employees. The New York State Sick Leave (NYSSL) law goes into effect September 30, 2020, but employees are not entitled to use NYSSL until January 1, 2021. Other key points of the new law include: The amount of NYSSL employees will be entitled to More

New PPP Loan Forgiveness Form Now Available, Including EZ Form

On June 17th, the Small Business Administration (SBA) released a revised, and hopefully a final, forgiveness application for the Paycheck Protection Program (PPP), including a new EZ application that appears many business owners may qualify for. Also, just the day before, the SBA issued a new Final Interim Rule with guidance for determining payroll costs and More

Changes in the Paycheck Protection Program Will Help Businesses

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation on June 3rd, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Following is a summary of the legislation’s main points compiled by the AICPA: Current PPP More