The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.
Senate Majority Leader Mitch McConnell will attempt to expedite approval of changes to the popular Paycheck Protection Program aimed at giving small businesses more flexibility in using the money from the fund, according to Senate aides.
The Treasury Department and the Small Business Administration released an interim final rule after posting the loan forgiveness application.
A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.
Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.
Nearly 4 million households that were to be mailed paper checks will instead receive their pandemic relief aid via prepaid debit cards issued by MetaBank.
The application from the Treasury leaves many questions unanswered.
The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
Padgett Business Services’ Roger Harris suggests some exceptions for employers with fewer than 50 staff.