COVID-19 Business Resources

If you are looking for additional assistance on COVID-19 business-related issues please reach out to us through this simple form.

GET HELP

COVID-19 Business Resources

If you are looking for additional assistance on COVID-19 business-related issues please reach out to us through this simple form.

GET HELP

SBA Announces New Requirements for Recipients of PPP Loans of $2 Million or Greater

The SBA has implemented new requirements for borrowers who received Payroll Protection Program (PPP) loans with an original principal amount of $2 million or greater. Two new PPP Loan Necessity Questionnaire forms have been created by the SBA to facilitate the collection of supplemental information that will be used by […]

SBA Announces New Requirements for Recipients of PPP Loans of $2 Million or Greater

The SBA has implemented new requirements for borrowers who received Payroll Protection Program (PPP) loans with an original principal amount of $2 million or greater. Two new PPP Loan Necessity Questionnaire forms have been created by the SBA to facilitate the collection of supplemental information that will be used by […]

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SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less

Last week the U.S. Small Business Administration (SBA) and Treasury announced recipients of Paycheck Protection Program (PPP) loans of $50,000 or less will be able to apply for forgiveness using a simplified application. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses. […]

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Small Business Quarantined Employee Grant

Governor Herbert announced additional help for small businesses in Utah with less than 50 employees. Small businesses can apply for the Small Business Quarantined Employee Grant if their employee’s have tested positive for COVID-19 or confirmed exposure and need to isolate/quarantine. Employers can use the grant to pay employees who […]

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Utah COVID-19 Impacted Businesses Grant Program

By: Tony Lopez, Tonyl@squire.com Over the past six months life has been crazy. To help individuals and businesses cope, there have been multiple government programs, some well-known and others less so. One program that Utah residents and Utah businesses might not know about is the Shop In Utah grant. This […]

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Latest PPP FAQ Document Provides Clarity on Some Aspects of Forgiveness

The Small Business Administration (SBA) and Treasury released an updated Paycheck Protection Program (PPP) FAQ on Aug. 4 in an effort to address PPP loan forgiveness issues that have arisen as borrowers begin to complete their applications. The 23 FAQs address various aspects of PPP forgiveness including general loan forgiveness, payroll costs, non-payroll […]

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New Law – Bonus Depreciation On Qualified Improvement Property

By Doug Wilkins, Dougw@squire.com Businesses seeking additional tax deductions may be able to take advantage of a recent technical correction made by the IRS under the CARES Act. The technical correction now allows taxpayers to apply bonus depreciation to all qualified improvement property placed in service after December 31, 2017. […]

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Recorded Webinar | COVID Wellness Plan: Cash Flow Scenario Planning

On July 21st, 2020, Squire’s Joe Spillner and Colton Kreth went through cash flow planning scenarios and discussed business wellness plans for both during and after the pandemic. Watch below!

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Post-Pandemic Trends Shifting the Economy for Small Businesses Everywhere

While it’s absolutely true that the ongoing COVID-19 pandemic has created significant challenges for small and large businesses alike, there are also some changes happening that can be viewed as less negative. Behaviors have changed during the Coronavirus outbreak, and some of these could end up being positive for small […]

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House, Senate Approve 5-week PPP Extension

The U.S. Senate and House of Representatives have both unanimously agreed to extend the Paycheck Protection Program (PPP) by five weeks in an effort to continue providing relief for small businesses hit hard by the pandemic. Applications officially closed for the program on June 30 when the Senate voted for a last-minute extension. President […]

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