The Small Business Administration released this week its first round of FAQs regarding the loan forgiveness process for Paycheck Protection Program Loans. These FAQs, which serve as guidance on the provisions of the CARES Act, follow closely to what we have been advising our clients already as we prepare their applications for PPP Loan forgiveness. A link to the FAQs is here for your reference.

Social Security wage base set to increase
The Social Security Administration’s (SSA) Office of the Chief Actuary (OCA) is projecting that the Social Security wage base will