COVID-19 Resource Page

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides economic relief to individuals, businesses, nonprofits and state and local governments. Its far-reaching provisions will impact Americans in dozens of ways. Miller Cooper’s COVID-19 professional response team has put together a series of executive briefings to help you understand how the various provisions will apply to you. In addition, we have provided important information concerning the Paycheck Protection Program.

New Guidance on Claiming Deductions in Context of a PPP Loan — November 19, 2020

SBA Proposes Loan Necessity Questionnaires for Borrowers with PPP Loans in Excess of $2 Million — November 6, 2020

New SBA Forgiveness IFR — Treatment of Owners and Forgiveness of Certain Nonpayroll Costs — August 31, 2020

The Paycheck Protection Program Flexibility Act of 2020 — Updated 6/5/2020

Technical Correction to Qualified Improvement Property (QIP) —Updated 5/19/2020

Relief to Withdraw a Real Property Trade or Business Election/Elections Related to Business Interest Expense Limitations under 163(j) — Updated 5/19/2020

PPP Borrowers: SBA Provides Safe Harbor for Good Faith Certification — Updated 5/14/2020

PPP Update: Borrower Certifications of Necessity — Updated 5/14/2020

Deductions Disallowed for PPP Loan Forgiveness Expenses — Updated 5/5/2020

Updated Guidance to PPP and CARES Act Provisions — Updated 4/20/2020

CARES Act Loan Provisions — Updated 4/13/2020

CARES Act Employee Retention/Delay of Payroll Taxes — Updated 4/13/2020

CARES Act Business Tax Provisions

CARES Act Unemployment Provisions

CARES Act Modifications to Business Interest Expense and QIP

CARES Act Individual Provisions

CARES Act Labor Provisions

CARES Act Provisions for Federal Student Loan Borrowers

More Details to Come

Our response team will continue to keep clients apprised of relevant developments. Please check our website regularly and follow us on social media as we will post links to new information as it is published on our site. As always Miller Cooper’s professional team is available to answer questions and respond to your needs. We are pleased to help you during this challenging time.

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PPP Application Deadline Extended

President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline