SBA Questioning PPP Borrowers with Loans Over $2 Million
We provide details on the SBA’s audit process for PPP Loans of $2 million or more, as well as the Loan Necessity Questionnaires that will be issued.
Coronavirus related posts
Market Minute – November 2020
For the month of November, the Henssler Research analysts are monitoring the developing COVID-19 vaccine, the contended Senate runoff elections, and the stock valuations in the market.
Student Loan Relief Extended Through End of 2020
Federal student loan relief was extended through December 31, 2020. Additionally, no interest will accumulate on the loans — the interest rate will remain at 0% through 2020.
SBA Issues a Simplified PPP Loan-Forgiveness Application
The original PPP loan forgiveness application practically required an accounting degree to figure it out. We explain the SBA’s new simplified form: SBA Form 3508EZ.
Market Minute – October 2020
For the month of October, the Henssler Research Analysts are watching the slow expansion of business activity, the decrease in job openings, and the volatility before the election.
3 Reasons to Launch a Startup During a Recession
While it may seem too risky to launch a business with coronavirus and an impending global recession, we offer three reasons why a recession is a great time to launch a startup.
Still Waiting for the IRS to Cash Your Check?
If you e-filed and mailed a check to the IRS to pay your taxes, you may still receive a tax-due notice.
The U.S. Economy is Not the Same as the Stock Market
We look at why the market recovered so quickly despite the economic data and discuss why the market can be somewhat disconnected from the economy.
October’s Extended Due Date Is Fast Approaching
If you could not complete your 2019 tax return by the extended July 15 deadline and filed a request for additional time, that extension expires on October 15, 2020.
Business Owners: Is the Temporary Deferral of Employee Payroll Tax Worth It?
We explain how the payroll tax deferral could affect your business.