The sample Paycheck Protection Program (PPP) loan forgiveness application for loan forgiveness under the PPP was made available late last week. While the sample application does not answer all the questions we have, it does provide some clarity. This article provides an overview.
If you have already received your loan through the PPP, you may be wondering what you’ll need to do to apply for forgiveness at the end of your eight weeks.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief, notably the “economic impact payments” that will be made to people under a certain income threshold. But the law also makes some changes to retirement plan rules and provides a new tax break for some people who contribute to charity
The Paycheck Protection Program (PPP) aims to help Americans stay employed by offering forgivable loans to small businesses to assist with payroll, rent, mortgage interest, and utilities. The opportunity to apply for the PPP is coming up soon and we wanted to provide you with a brief overview of the program and a list of resources.
Assistance to small businesses impacted by the COVID-19 pandemic was specifically addressed in the recently signed CARES Act via federal loan programs and tax incentives. Included in this article is a summary of the loan provisions put into place by the CARES Act.
President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on Friday, March 27, 2020. The purpose of the CARES Act is to provide relief for individuals and businesses who have been negatively impacted by the COVID-19 pandemic.
AHP’s Tax Filing and Payment Deadline Chart
CDC COVID-19 Resources for Businesses and Employers
Employee Rights Poster: The Families First Coronavirus Response Act (FFCRA) (PDF)
Federal Employee Rights Poster: The Families First Coronavirus Response Act (FFCRA) (PDF)
Michigan Chamber of Commerce Coronavirus Toolkit
Michigan Economic Development Corporation COVID-19 Resources
Michigan Small Business Development Center
Michigan Work Share Program Fact Sheet
Paycheck Protection Program (PPP) loan forgiveness application
PPP Loan Forgiveness Calculator
Small Business Association of MI COVID-19 Resources
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