PPP Loan Forgiveness FAQs

Posted by Tim Hilligoss and Sarah Russell on August 10, 2020

The COVID-19 pandemic caught many by surprise including business owners who were required to comply with forced business closures and others who experienced modified operating rules or dwindling demand.

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More PPP Changes – New Forgiveness Applications

Posted by Tim Hilligoss on July 24, 2020

On June 17th, two streamlined PPP forgiveness applications were released including SBA Form 3508 and SBA Form 3508 EZ along with accompanying instruction guides. The new applications are designed to be borrower-friendly as they are less complex and much shorter than the original.

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PPP Loan Forgiveness – New Details Available

Posted by Tim Hilligoss on May 27, 2020

Just as the Memorial Day weekend was about to kick off, the Small Business Administration (SBA) and Treasury published updates to the Paycheck Protection Program (PPP) Interim Final Rule (the Rule). The update, which was released late on May 22, 2020, provides important new details about the loan forgiveness process.

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PPP Forgiveness & Full Time Equivalents

Posted by Tim Hilligoss on May 5, 2020

Another day, another number. The number 40, to be specific. FAQ # 40 addresses one of the many PPP loan forgiveness questions: what happens if a laid off employee declines to come back to work? Will this affect your forgiven amount? The answer: no.

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International Business Tips

Posted by Tim Hilligoss on May 7, 2019

More and more companies today are venturing into the waters of international business. While the potential rewards of global trade are great, so are the potential risks.One of the biggest risks lies in not understanding the distinct cultural subtleties and nuances that exist from one country to the next.

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How to Respond to the US-China Trade Friction

Posted by Nina Wang and Tim Hilligoss on January 29, 2019

The year of 2018 was essential to the world’s two greatest trading nations:  the United States and China. Throughout 2018, the Trump administration proposed and launched a series of policies imposing additional duty rates on a wide range of products imported from China. China retaliated immediately by publishing a list of products imported from US as targets for an additional 25% tariff. This trade friction is sweeping worldwide and has significant impacts on businesses.

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