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Paycheck Protection Program Has Run Out of Money
The Paycheck Protection Program has run out of money for most borrowers before its planned May 31 end, the Small Business Administration said. Going forward, the program will only accept new applications from community financial institutions, which typically serve...
Gov. Charlie Baker Signs Massachusetts Unemployment Insurance Bill That Includes Tax Benefit For Forgiven PPP Loans
Small business owners with certain forgiven federal loans during the COVID-19 pandemic can now exclude those funds from their gross taxable income in Massachusetts. Gov. Charlie Baker signed into law Thursday afternoon legislation that makes enables “pass-through...
IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May
WASHINGTON – To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the...
Biden Signs PPP Extension Act Into Law, Moving Application Deadline to May 31
President Biden on March 30 signed into the law the bipartisan Paycheck Protection Program (PPP) Extension Act of 2021 (HR 1799), which moves the application deadline to May 31, 2021. The PPP application window was originally set to expire the next day on March 31....
Launching a Non-Profit Organization: Essential Resources and Steps
Starting a non-profit organization is a very fulfilling way to earn a living while giving back to your community. Whether you decide to help people, animals, or the environment, your non-profit is sure to have a positive impact on the world around you. But launching...



