COVID-19

February 8, 2021 | On Friday, February 5, 2021, Governor Wolf signed Senate Bill 109, now known as Act 1 of 2021, into law. This law contains additional COVID-19 relief funding. The biggest win [...]

January 7, 2021 | The new COVID relief bill includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Act), which in part modifies and extends the employee retention credit included in [...]

December 22, 2020 | On Monday, December 21, 2020, Congress passed a $900+ billion pandemic relief bill. This bill covers a number of areas, including enhanced federal unemployment benefits, [...]

June 4, 2020 at 3:00 pm | Last evening the Senate passed House Resolution 7010, known as the Payroll Protection Flexibility Act (the Act). The President is soon expected to sign the Act into law. [...]

May 21, 2020 at 3:00 pm | The following information is intended to give guidance that will be the most relevant and of greatest value to our clients in regard to the loan forgiveness application. [...]

May 15, 2020 at 9:15 am | Safe Harbor Granted for PPP Loans Under $2M The SBA issued new guidance regarding the concerns that have been surfacing on payback, including who is eligible, how heavy [...]

May 4, 2020 at 3:00 pm | Late last week, the Internal Revenue Service issued guidance related to tax treatment of loan forgiveness pertaining to forgiveness achieved under the guidelines of the [...]

April 24, 2020 at 3:15 pm | To Our Simon Lever Clients and Friends: The SBA Payroll Protection Program continues to be in the news with the recent addition of $310 billion of additional funding. [...]

April 1, 2020 at 1:55 pm | To Our Simon Lever Clients and Friends: The SBA Paycheck Protection Program (PPP or PPL) applications are now available. Click here for a sample copy of the [...]

March 27, 2020 at 1:00 pm | To Our Clients and Friends: We wanted to make you aware of a KEY provision in the stimulus bill that has passed the Senate that appears on the surface to present a [...]