Managing through the COVID-19 business disruption, you have been adapting and stretching your creativity to safeguard business continuity. You are learning what it takes to thrive in the new normal of business.
Business
Minnesota Small Business Relief Grant Application
The Minnesota Legislature passed the Small Business Relief Grants Program. The program approved approximately $62 million for grants to Minnesota small businesses that have been impacted by the pandemic.
Minnesota Sales & Use Tax Accelerated – June Payment
Reminder – Taxpayers who have a Sales and Use Tax liability in excess of $250,000 in the state’s prior fiscal year (July 1 to June 30), are required to make an accelerated payment of the expected June sales tax liability.
PPP: New Interim Final Rules and Forgiveness Applications
The SBA and Treasury have released new Paycheck Protection Program guidance and forgiveness applications. This new material addresses changes brought by the Paycheck Protection Program Flexibility Act, including those to PPP loan maturity, deferral, and forgiveness.
Business in the Post-Coronavirus World
As we slowly start to transition into reopening, many business owners are anticipating significant changes—a new normal. While no one can know how things will turn out, we want to spend some time discussing what the post-coronavirus business world might look like.
Payment Protection Program Flexibility Act of 2020
Yesterday, June 3, the Senate passed the Paycheck Protection Program (PPP) Flexibility Act. This Act makes several significant revisions to the PPP, initially created in the CARES Act. See critical provisions below.