Kreischer Miller provides thought leadership in many industry areas and publishes articles of note frequently through our e-newsletter Looking Forward as well as The Leading Edge magazine and other interviews for several printed magazines.
January 14, 2021
The SBA and Treasury have announced the latest set of dates to apply for first-time and second draw Paycheck Protection Program (PPP) loans.ViewJanuary 11, 2021
There has been a flurry of news over the last several days about the $284 billion reboot of the PPP, including an issuance of new guidance from the SBA and Treasury as well as the announcement that the program is officially reopening January 11, 2021. Here is what you need to know.ViewJanuary 8, 2021
The City of Philadelphia requires businesses to notify their Philadelphia resident employees about the Federal Earned Income Tax Credit (EITC) and the City of Philadelphia Income-Based Wage Tax Refund Program. You can notify your employees electronically or via a printed copy, but this must occur no later than February 1, 2021.ViewJanuary 8, 2021
Shortly before the New Year, President Trump signed the Consolidated Appropriations Act (CAA), which contained nearly $900 billion of coronavirus-related relief to help business and individuals struggling with the ongoing effects of the pandemic.ViewDecember 23, 2020
The bill includes $284 billion for the PPP, which will reopen after closing in August. The program will operate in much the same way as it originally did, but there are a few key changes.ViewDecember 21, 2020
After months of negotiations, Congress has reached agreement on a new round of relief to help business and individuals struggling with the ongoing effects of the pandemic.ViewDecember 14, 2020
Kreischer Miller recently conducted a survey to gather information about the current outlook of manufacturers and distributors in the Greater Philadelphia region, given the ongoing challenges of the COVID-19 pandemic. Here are some of the survey’s key findings.ViewDecember 11, 2020
On December 9, 2020, the SBA updated its Frequently Asked Questions document for PPP lenders and borrowers with FAQ #53, which addresses the Loan Necessity Questionnaire we first told you about several weeks ago.ViewNovember 20, 2020
On November 18, 2020, the Internal Revenue Service issued much-needed guidance under Rev Rule 2020-27, which addressed the timing of the deductibility of expenses paid with proceeds from a PPP loan.ViewNovember 2, 2020
The questionnaires are comprised of a Business Activity Assessment and a Liquidity Assessment, and appear to be part of the SBA's review process to assess borrowers' good-faith certification of their economic need.View