Proposed Legislation: An Overview of the HEROES Act

The US House of Representatives has released their proposal for the next phase of coronavirus stimulus. The estimated $3 trillion package would modify, expand, extend and enhance many existing programs. CSH’s Phil Hurak covers a few of the highlights related to specific tax/non-tax measures in the HEROES Act.

Safe Harbor Clarification on Smaller Loans and Possible Penalties

The US Treasury and the Small Business Administration (SBA) have released a new FAQ addressing the uncertainty around how the SBA is going to deal with the good-faith certification for PPP loans. CSH’s Kevin Dehner explains the details.