Lyndi Smith

Lyndi Smith
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Recent Posts

PPP Forgiveness Update

Posted by Lyndi Smith on Sep 15, 2020 12:00:00 PM

The SBA released an Interim Final Rule for the Paycheck Protection Program (PPP) on August 24th, 2020. The rule creates forgiveness limitations and/or clarification on limitations in three areas. The full IFR goes into full detail of the treatment of owners and forgiveness of certain non-payroll costs.

Here are the key highlights to help you stay updated.

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Topics: Accounting Hot Topics, COVID-19 Updates

Michigan Safety and Restart Grant Opportunities Expiring

Posted by Lyndi Smith on Aug 3, 2020 6:45:00 AM

With supplemented unemployment benefits expiring this past week and the ongoing economic impact of COVID-19, the State of Michigan is leveraging federal funding through the CARES Act to continue to support the economic recovery of small businesses in the state. Two grant programs were recently announced, with funding up to $20,000 for qualified applicants. The application periods on both grants close next week, on the 5th and 7th of August. Below is a quick summary of each grant opportunity with links for additional information and access to the applications.

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Topics: Accounting Hot Topics

Paycheck Protection Program Part II: What We Know Now

Posted by Lyndi Smith on Apr 13, 2020 6:15:00 AM

If you are a small business owner, we are sending a (virtual) high-five your way for enduring the last few weeks of the COVID-19 crisis. You are navigating financial and emotional stress as well as a mountain of information to apply for financial aid packages from the government. At MRPR we are aiming to update information and help you sift through the important details as you create a disaster mitigation strategy for your business.

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Topics: Tax Topics, COVID-19 Updates