Monthly Archives: June 2020

The Main Street Lending Program. How does it work?

The Main Street Lending Program is another tool to help businesses and nonprofit organizations weather the impacts of the COVID-19 outbreak. The Federal Reserve announced the Main Street Lending Program (MSLP) on April 9, 2020 to keep credit flowing to... Read More

Record Retention: How long should I keep my income tax returns and supporting documents?

Income tax record retention is a topic that often causes confusion and frustration. A variety of documents are needed to be retained for both tax and other purposes. Knowing how long you need to keep documents should help you organize... Read More

Update to PPP Loan Forgiveness Rules, New Application Deadline

The Paycheck Protection Program became law when the CARES Act legislation passed in March. Critics argue that the PPP loan forgiveness rules in the CARES Act make it very difficult to achieve full loan forgiveness in today’s economic environment.   To... Read More