More Lenders Participating in PPP Starting January 15

The US Small Business Administration, in consultation with the Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on January 15.  The portal will fully open on January 19 to all participating PPP lenders to submit First and […]

Reminder | Weekly Wednesday Webinar for Vermont Businesses

This Wednesday, January 13, the weekly 3:00 pm webinar for Vermont businesses hosted by ACCD and the Vermont Department of Health leadership teams will feature the Small Business Administration for an update on the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan programs (EIDL). Dr. Patsy Kelso, the State of Vermont’s Epidemiologist for Infectious […]

SBA Still Hosting PPP Forgiveness Webinars Tuesdays and Wednesdays

The SBA Vermont District Office continues to host free webinars Tuesdays and Wednesdays about Paycheck Protection Program forgiveness. Topics include criteria, the process, changes and more. PPP Forgiveness Webinars Tuesdays 11:30 am to 1:00 pm Click here to access the webinar link. To access by phone, call 202-765-1264 and enter code 986 011 495#. PPP Forgiveness […]

REMINDER | PPP to Reopen January 11

The US Small Business Administration, in consultation with the Treasury Department, has announced that the Paycheck Protection Program (click here) will re-open the week of January 11th for new borrowers and certain existing PPP borrowers. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 […]

Updated Guidance and Resources from the IRS

Revenue Ruling 2021-02 (click here) obsoletes Notice 2020-32 and Rev. Rul. 2020-27 due to the enactment of the COVID-related Tax Relief Act of 2020 (Act).  The Act retroactively amends the CARES Act to provide that no amount is included in the gross income of a Paycheck Protection Program (PPP) participant by reason of forgiveness of […]

Reminder: Informational Webinar on PPP and COVID Relief Legislation Updates

The weekly 3:00 pm Wednesday webinar for Vermont businesses hosted by ACCD and other state agencies will focus this week on updates to the Paycheck Protection Program (PPP) and the Families First Coronavirus Response Act (FFCRA). The Agency’s leadership team will be joined by the Vermont Department of Labor, the Vermont Bankers Association (VBA), the […]

COVID-19 EIDL Application Deadline Extended to December 31, 2021 | Weekly PPP Forgiveness Webinars Continue

The Small Business Administration today announced that the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 Pandemic disaster declaration is extended to December 31, 2021.  The deadline extension comes as a result of the recent bipartisan COVID-19 relief bill signed into law December 27. EIDL loan applications will continue […]

Key COVID Related UI Benefits Extended with New Federal Legislation

Federal COVID relief legislation just enacted includes provisions to extend the unemployment insurance programs created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) programs have been extended, and the Federal Pandemic Unemployment Compensation (FPUC) program has been reinstated, providing an additional $300 […]

New Changes to Paid Sick Leave and Family Leave Provisions of the Families First Coronavirus Relief Act (FFCRA) and Related Employer Obligations and Compensation

The new COVID relief legislation enacted December 27 made important changes to note regarding paid leave provisions of the FFCRA.  As you know, FFCRA created COVID-19 related mandatory paid sick and family leave coverage, with employers able to seek reimbursement through payroll tax credits. The original FFCRA provisions expire December 31; however, under the new […]