The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section 1102 of the Coronavirus Aid, Relief, and Economic...
On Thursday, April 2, the Internal Revenue Service (IRS) issued a warning concerning the development of new scams related to the coronavirus, particularly the recovery rebates legislated by the CARES Act. It is not surprising that criminals are taking advantage of the chaos resulting from...
Members of the Blackman & Sloop Pharmacy team - Andrea Eason, Neely McLaughlin, and Christy Fasciana - recently presented a webinar for Waypoint Pharmacist Advisors. The information focused on recent legislation signed into law - the CARES Act. The team provided an overview of the...
Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic. While trying to maintain focus on their missions, these organizations and institutions face massive uncertainty in the face of COVID-19, including financial turmoil,...
The Small Business Administration has released the latest guidelines for the Paycheck Protection Program. These guidelines were sent out on Friday, April 3, 2020, and are subject to change. Please contact your Blackman & Sloop advisor for the latest information. Click here to read the entire...
The U.S. Chamber of Commerce recently released a checklist and guide for small businesses as it relates to applying for coronavirus emergency loans. Small Business Guide to Emergency Loans » (.pdf)...
The U.S. Senate Committee on Small Business & Entrepreneurship recently prepared this guide to help small business owner’s understand the implications of the CARES Act. The Small Business Owner’s Guide to the CARES Act » (.pdf)...
Introduction With the continued spread of COVID-19 and its overwhelming effect on the global economy, we anticipate companies will experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will need to consider whether those issues, as well as operational disruptions to...
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have...
On March 27, 2020, President Trump a sweeping $2.2 trillion stimulus package designed to abate the economic damages caused by the coronavirus (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the third piece of legislation crafted to address the economic havoc...
