SBA: Any PPP loan less than $2 million deemed ‘necessary’

The Treasury Department and Small Business Administration clarified its rules today regarding small business owners’ need to certify the necessity of receiving loans through the Paycheck Protection Program One requirement to qualify for forgiveness of a PPP loan is that all borrowers must certify in good faith when submitting their applications that “current economic uncertainty makes […]

Fake IRS agent scam is on the rise

Cases of identity fraud usually spike around tax season, but some scams are taking a more sinister turn. A large number of people have reported to local law enforcement and federal agencies, including the IRS, that they have received calls from people posing as IRS agents who claim the taxpayer owes taxes and demand immediate […]