Tax & Finance Considerations
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U.S. House Passes Bill to Revise Paycheck Protection ProgramMay 29, 2020 | Coronavirus Response Team
The U.S. House of Representatives voted overwhelmingly on Thursday, May 28 to pass a bill aimed at m...
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Borrowers Beware! SBA’s PPP Loan Review Process Released
May 29, 2020 | Coronavirus Response Team
This is part of our “Preparing for an SBA PPP Audit Series,” which is aimed at providing inf...
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Federal Reserve Announces Term Asset-Backed Securities Loan Facility Details
May 27, 2020 | Coronavirus Response Team
On May 12, 2020, the Federal Reserve released a revised term sheet and FAQ’s for the Term Asset-Ba...
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IRS Provides 125 Plan and Flexible Spending Account Relief in Response to COVID-19
May 27, 2020 | Blogs
The Internal Revenue Service (IRS) released Notices 2020-29 and 2020-33 (Notices) on May 12, 2020. T...
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Preparing for an SBA PPP Audit: Answers to Frequently Asked Questions on the Paycheck Protection Pro...
May 26, 2020 | Coronavirus Response Team
This is part of our “Preparing for an SBA PPP Audit Series,” which is aimed at providing...
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Federal Reserve Announces Municipal Liquidity Facility Now Operational
May 21, 2020 | Coronavirus Response Team
The Federal Reserve recently announced that it’s Municipal Liquidity Facility (MLF) is taking ...
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Preparing for an SBA PPP Audit: What are the Risks?
May 20, 2020 | Coronavirus Response Team
Borrowers who received Paycheck Protection Program (“PPP”) loans of less than $2 million are dee...
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Preparing for an SBA PPP Audit: Eligibility and Loan Amount Compliance Issues
May 19, 2020 | Coronavirus Response Team
UPDATE (5/19/20): This article has been updated to include the Interim Final Rule published on May...
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Retail Tenant Bankruptcy and Restructuring in the COVID-19 Era: Commercial Real Estate Finance COVID...
May 19, 2020 | Coronavirus Response Team
The next article in our Commercial Real Estate Finance COVID-19 Impact Series looks at landlord/tena...
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LIHTC Compliance and the Material Impacts of COVID-19
May 15, 2020 | Coronavirus Response Team
COVID-19 and the related stay-at-home orders issued by most states have created unprecedented uncert...
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Preparing for an SBA PPP Audit: The Necessity Certification
May 14, 2020 | Coronavirus Response Team
UPDATE: On May 13, 2020, the SBA issued FAQ #47 extending the date for borrowers to repay PPP loans ...
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SBA Issues New Safe Harbor for the Necessity Certification for Paycheck Protection Program Loans –...
May 14, 2020 | Coronavirus Response Team
On May 13, 2020, the Small Business Administration (SBA) issued FAQ #46 providing relief to those bo...
