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Freed Maxick Service Delivery Update

We have implemented a phased approach for returning to our offices that allows us to modify our approach to service delivery as situations change without any service disruptions. In the meantime and in the interest of public health and the safety of our community, our teams will continue working remotely whenever possible to provide the same high-quality service you have come to expect. Utilizing state-of-the-art technology, we are committed to meeting all of your assurance, tax, and advisory needs to help you navigate a business environment filled with challenges and opportunities. To discuss a specific need that can’t be handled remotely, please contact your Freed Maxick representative directly.

Summing It Up

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Topic: Paycheck Protection Program

SBA Issues EZ PPP Application and Updated Interim Guidance
By Joe Aquino, CPA, CVA on June 18, 2020

The U.S. Small Business Administration (SBA), in consultation with Treasury, recently released a revised loan forgiveness application for the Paycheck Protection Program (PPP), along with...

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Paycheck Protection Program Flexibility Act – Update
By Richard J. Wright, Jr. CPA on June 6, 2020

The President recently signed the Paycheck Protection Program Flexibility Act (PPPFA) -the following is a summary of the highlights of the legislation: Extends 8 week “covered period” to...

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SBA Forgiveness Application—What It Gave to Us, and More Importantly, What It Has Not Yet Given to Us
By Richard J. Wright, Jr. CPA on May 19, 2020

Late on Friday, May 15th, the SBA released the PPP Loan Forgiveness application. While this application has answered some of the questions in connection with the CARES Act and related SBA...

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SBA Releases Forgiveness Application
By Freed Maxick on May 16, 2020

The SBA issued the much anticipated PPP Forgiveness Application and instructions on May 15th: ...

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PPP FAQ #46 - Regarding Good-Faith Certification
By Freed Maxick on May 14, 2020

On May 13, 2020 the SBA released an update to FAQ 31 and FAQ 43 addressing borrowers’ required good-faith certification concerning the necessity of their loan request.  Two key takeaways...

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PPP and Your FDIC Assessment
By Bruce Rumbold, CCBCO on May 13, 2020

The FDIC announced proposed rule-making yesterday to provide relief for potential increases in a bank’s FDIC deposit insurance assessment as a result of holding loans in the SBA’s Paycheck...

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