June 19, 2020 Two weeks ago, the PPP Flexibility Act was signed into law. The most notable changes to the original PPP program included: An allowance that the Borrower could elect to use 24 weeks instead of 8 weeks as their covered period for their allowable payroll and non-payroll costs to be used and applied […]
June 10, 2020 We know things have been difficult for many Wisconsin small businesses, but today we are bringing you some potential good news! The Wisconsin Economic Development Corporation (WEDC) announced that it will award 30,000 businesses with $2,500 grants to help with payroll, rent, mortgage, inventory, the cost of business interruption, and health and […]
June 5, 2020 The Senate passed a House bill, the Payroll Protection Flexibility Act, aimed to give those who received PPP funds both greater time and more options to utilize the loan proceeds. The bill is expected to be signed into law by President Trump, although, at the time of writing, this had not occurred […]
May 29, 2020 The SBA published its PPP Loan Forgiveness application and additional guidelines on forgiveness qualifications in the last two weeks. In true pandemic fashion, this week the House passed legislation that – if signed into law – would change the rules again for the PPP – potentially increasing the covered period for proceed […]
May 21, 2020 Does anyone even remember what day it is in this crazy new world? For me, I’ve lost track as my head is constantly spinning just trying to keep up with the changes, updates, and guidelines that seem to come out, change, and end every time I look away. Let’s dive into some […]
May 15, 2020 What a week! I don’t know about you guys, but this week for me felt like I was trapped on a roller coaster I couldn’t get off of. I’m going to try and make some sense out of the dizzying madness for you here. This blog will be one in a series […]
The Most Common Questions I Received Last Week May 11, 2020 What a mess! Last Friday, I shared the discussions around re-opening, SBA PPP scrutiny and the continued PUA challenges. (If you missed it, you’ll want to check it out as I gave some context to these topics.) As I stated, the combination of so […]
Returning to Work Questions; Companies Considering Returning PPP Funds; and Options for Those Waiting on PUA. May 8, 2020 Returning to Work: What is the Latest? Another week in this crazy COVID-19 world. At the time of this writing, the Wisconsin Supreme Court is busy deciding whether the Safer at Home Order will remain, as […]
May 1, 2020 After Congress pushed through replenishment of PPP funding in late April, many small business owners, independent contractors, and self-employed “solepreneurs” found themselves finally with a bit of financial relief that they so badly needed. Others are still waiting for their applications to be processed, but are hopeful that with the new limitations, […]
April 24, 2020 In the past week, a lot has happened both in our state as well as within the federal government that impacts small business owners, the self-employed and employees. The following will discuss the most relevant aspects of these important updates to the small business community. WI’s Safer at Home Order extended with […]