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20/20 Insights

    The Employee Retention Credit – Do you qualify now?

    Published 01/25/2021

    The Consolidated Appropriations Act (CAA) changed who would qualify for the Employee Retention Credits (ERC).  The new act eliminated the restriction for those that participated in the PPP Loans.  Therefore, the taxpayer now has other...

    PPP Updates:  How to Calculate Revenue Reduction for PPP2...

    Published 01/20/2021

    The U.S. Small Business Administration (SBA) has released additional guidance in the form of FAQ’s on how to calculate revenue reduction and maximum loan amounts for second draw loans.  The SBA has also released a procedural notice to...

    SBA Announces “Save Our Stages” (SOS) Shuttere...

    Published 01/13/2021

    Applications for this grant program have not yet opened. Reach out to your MCM Relationship Contact or email us at covidbank@mcmcpa.com and we will keep you updated when applications become available.   The U.S. Small Business...

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