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.


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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 

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House Passes Bill to Extend, Expand Provisions of PPP

House Passes Bill to Extend, Expand Provisions of PPP

By Brandon Allfrey, Brandona@squire.com On May 28, 2020, in a nearly unanimous vote, the U.S. House of Representatives voted to extend certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the timeframe and use of their PPP loan funds. Support for enhancing the PPP terms to support business and economic recovery […]

COVID-19 SBA Loan and Grant Programs

House Passes Bill to Extend, Expand Provisions of PPP

House Passes Bill to Extend, Expand Provisions of PPP

By Brandon Allfrey, Brandona@squire.com On May 28, 2020, in a nearly unanimous vote, the U.S. House of Representatives voted to extend certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the timeframe and use of their PPP loan funds. Support for enhancing the PPP terms to support business and economic recovery […]
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SBA Issues Interim Final Rule on PPP

SBA Issues Interim Final Rule on PPP

On May 23, the Small Business Administration (SBA) issued an interim final rule for the Paycheck Protection Program (PPP) that included the loan forgiveness application guidance released May 15, as well as other updated guidance. This provides some more detail to the application for loan forgiveness released on May 15. […]
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Paycheck Protection Program | Deep Dive Into Forgiveness

Paycheck Protection Program | Deep Dive Into Forgiveness

(Previously recorded live webinar) Join us for a deep dive into the PPP Forgiveness Application Form and updates from the SBA. Presenters Shane Edwards, Megan Bronson and Marc Adrus will also be weighing in on scenarios and questions submitted by the audience members. Shane is Squire Office Managing Partner of our Salt Lake location, Megan […]
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PPP Forgiveness Form Released by SBA

PPP Forgiveness Form Released by SBA

The Small Business Administration (SBA) has released its long-awaited Paycheck Protection Program (PPP) forgiveness form for borrowers. The release on May 15 brought significant changes to the interpretation of some components of forgiveness that were not previously known.   Clarity is still needed on many of the components of forgiveness. […]
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ADDITIONAL DETAILS RELEASED REGARDING PPP REPAYMENT DEADLINE 

ADDITIONAL DETAILS RELEASED REGARDING PPP REPAYMENT DEADLINE 

This morning, the Treasury Department offered additional guidance, yet again, regarding their extended repayment deadline for businesses receiving Paycheck Protection Program loans.  The guidelines now provide a safe harbor for businesses that received loans for less than $2M.   In FAQ#46, Treasury stated that loans for less than $2M will automatically be deemed to meet the certification requirements of economic uncertainty at the time of […]
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Payroll Protection Program (PPP) Calculating Tool and Tutorial

Payroll Protection Program (PPP) Calculating Tool and Tutorial

*Updated 4/3/20* Video updates included: A section to designate your business type The wording of the application surrounding owners of the business owning other businesses (and an associated sample template to fill out) Added a section to indicate whether or not you have received an EIDL loan Clarification on how […]
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FAQ’s | Payroll Protection Program Application

FAQ’s | Payroll Protection Program Application

*Updated 4/27/20*  ELIGIBILITY: 1. PPP vs EIDL – can I only get one or the other? Answer – No, you can apply for both.  In addition, if you do receive funds via the EIDL prior to receiving funds via the PPP, those will be rolled into your PPP loan (if […]
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FAQs | Payroll Protection Program – Forgiveness Phase

FAQs | Payroll Protection Program – Forgiveness Phase

*Updated 5/22/20* The Small Business Administration (SBA) released the long-awaited Paycheck Protection Program Loan Forgiveness Application. The release on May 15, 2020,  brought significant changes to the interpretation of some components of  PPP forgiveness that were not previously known.  As a result of these changes Squire has updated its FAQ […]
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Apply for your SBA PPP Loan Through Divvy

Apply for your SBA PPP Loan Through Divvy

NOTICE: The Small Business Administration (SBA) announced Funding is Exhausted for the $350 Billion Small-Business Paycheck Protection Program as of April 16, 2020.  SBA says it is unable at this time to accept new aid applications or enroll new lenders. A $350 billion loan program for small businesses hurt by […]
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U.S. Chamber of Commerce Small Business Grants

U.S. Chamber of Commerce Small Business Grants

*Due to overwhelming demand, The US Chamber of Commerce is unable to accept new applications. Updated 4/21/2020* The US Chamber of Commerce Save Small Business Fund is awarding $5,000 grants (not loans) to small businesses. Applications opened April 20 at 1pm MST. They will award grants on a weekly basis, […]
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A Video Walkthrough of the EIDL Loan/Grant Application

A Video Walkthrough of the EIDL Loan/Grant Application

*Updated 4/5/20 to match some changes made to the SBA website* Here is a quick walkthrough on the EIDL Loan/Grant Application process with Squire team member Colton Kreth. If you are looking for any additional assistance with any COVID-19 related item, please reach out to us through this simple form […]
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CARES Act | Major Relief Provisions Summary

CARES Act | Major Relief Provisions Summary

By Nathan Larsen (NathanL@squire.com) and Clayton Johnson (ClaytonJ@squire.com) Nathan Larsen will be presenting in an upcoming webinar on April 14th to cover many of these sections on a more in-depth level. On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This […]
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The Coronavirus CARES Package | The CARES Act: An Overview

The Coronavirus CARES Package | The CARES Act: An Overview

By Dwayne W. Asay, CPA (DwayneA@Squire.com) and Shane Edwards, CPA, CIA (Shanee@Squire.com) Mr. Asay will also present a webinar on the CARES Act on April 7, 2020, at 11 am MDST.  For more information and to register click here.  The roughly $2 trillion stimulus bill (CARES Act) has been signed by President Trump into law and […]
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COVID-19 Tax Insights

Employee Retention Tax Credit Summary

Employee Retention Tax Credit Summary

One of the many key provisions in the CARES Act is the Employee Retention Credit. This credit is geared towards employers subject to partial or full COVID-19 related closures. This credit impacts compensation, furlough, and layoff strategies. If you are considering making workforce reductions, it is important to understand your […]
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IRS Tax Guidance for the Paycheck Protection Program

IRS Tax Guidance for the Paycheck Protection Program

Written by Brandon Allfrey, Tax Partner brandona@squire.com The continually unfolding guidance regarding the economic stimulus packages for COVID-19 under the CARES Act is comparable to the twists and turns of the greatest of soap operas.  Just when you think you know whats going on, something inevitably pops up to throw […]
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TAX FILING DEADLINE EXTENDED FOR INDIVIDUALS AND CORPORATIONS 

TAX FILING DEADLINE EXTENDED FOR INDIVIDUALS AND CORPORATIONS 

TAX NEWS FLASH   TAX FILING DEADLINE EXTENDED TO JULY 15 FOR INDIVIDUALS AND CORPORATIONS  Secretary of Treasury, Steven Mnuchin, announced Friday that tax filing deadlines for individuals, trusts, and corporations have been extended until July 15, 2020, instead of April 15, 2020, to help taxpayers during the COVID-19 pandemic. This follows an earlier IRS announcement this week that delayed the payments of […]
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COVID-19 Business Insights

House Passes Bill to Extend, Expand Provisions of PPP

House Passes Bill to Extend, Expand Provisions of PPP

By Brandon Allfrey, Brandona@squire.com On May 28, 2020, in a nearly unanimous vote, the U.S. House of Representatives voted to extend certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the timeframe and use of their PPP loan funds. Support for enhancing the PPP terms to support business and economic recovery […]
View Article >
SBA Issues Interim Final Rule on PPP

SBA Issues Interim Final Rule on PPP

On May 23, the Small Business Administration (SBA) issued an interim final rule for the Paycheck Protection Program (PPP) that included the loan forgiveness application guidance released May 15, as well as other updated guidance. This provides some more detail to the application for loan forgiveness released on May 15. […]
View Article >
PPP Re-funded

PPP Re-funded

On April 24, 2020, President Trump signed into law a $484 billion coronavirus-relief package.  The measure replenishes two depleted small-business loan programs, sends more assistance to hospitals and funds an expansion of testing capacity nationwide for the virus.  Economic Injury Disaster Loans and Grants received approximately $60 billion. The Paycheck […]
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FAQ’s | Payroll Protection Program Application

FAQ’s | Payroll Protection Program Application

*Updated 4/27/20*  ELIGIBILITY: 1. PPP vs EIDL – can I only get one or the other? Answer – No, you can apply for both.  In addition, if you do receive funds via the EIDL prior to receiving funds via the PPP, those will be rolled into your PPP loan (if […]
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Silicon Slopes SMB Series | PPP Deep Dive

Silicon Slopes SMB Series | PPP Deep Dive

In case you missed it – Squire’s Downtown SLC Office Managing Partner, Shane Edwards, sat on a panel for Silicon Slopes discussing the Payroll Protection Program (PPP). We’re grateful to Silicon Slopes involving Shane in the discussion and for working to help educate businesses during this economic downturn from the […]
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U.S. Chamber of Commerce Small Business Grants

U.S. Chamber of Commerce Small Business Grants

*Due to overwhelming demand, The US Chamber of Commerce is unable to accept new applications. Updated 4/21/2020* The US Chamber of Commerce Save Small Business Fund is awarding $5,000 grants (not loans) to small businesses. Applications opened April 20 at 1pm MST. They will award grants on a weekly basis, […]
View Article >

COVID-19 Wealth Management Insights

A Rundown of State and Local Resources

A Rundown of State and Local Resources

By Kyle Greene (kyleg@squire.com) The State of Utah, as part of its Utah Leads Together program, announced funding is available through the Utah Governor’s Office of Economic Development (GOED). Along with the funding, the GOED is providing various resources for businesses and families. In addition, there are a few cities […]
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COVID-19 Industry Insights

Silicon Slopes SMB Series | PPP Deep Dive

Silicon Slopes SMB Series | PPP Deep Dive

In case you missed it – Squire’s Downtown SLC Office Managing Partner, Shane Edwards, sat on a panel for Silicon Slopes discussing the Payroll Protection Program (PPP). We’re grateful to Silicon Slopes involving Shane in the discussion and for working to help educate businesses during this economic downturn from the […]
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Q1 2020 Market Commentary

Q1 2020 Market Commentary

Provided by Squire Wealth Advisors Squire’s evidence-based investing portfolios are strategically invested with a focus on long-term performance objectives. Portfolio allocations and investments are not adjusted in response to market news or economic events; however, we evaluate and report on market and economic conditions to provide our investors with perspective […]
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Post-COVID 19: The New Normal

Planning to Return | Preparing Offices and Staff to Return to Work

Planning to Return | Preparing Offices and Staff to Return to Work

Presented by: Samantha Lowe, Samanthal@squire.com & Nic Dunn, Nic@thechamber.org The path to business recovery continues forward as the economy begins to reopen. While much uncertainty remains around the timeline for reentering workplaces, how to return to work is at the forefront for most businesses. Presented with Utah Valley Chamber of […]
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