BLS Insights

Category: COVID-19

American Rescue Plan Act – What we know so far

March 19, 2021

On March 11, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The $1.9 trillion bill is extensive and we have outlined important details for our … Continued

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COVID-19 Update: PPP Round Two Loan Applications Open

January 21, 2021

On January 8 and again on January 19, the SBA, in consultation with the Treasury Department, released additional Paycheck Protection Program (PPP) forms and guidance related to the first round … Continued

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Delaware Relief Grants Portal Reopened

January 20, 2021

The Delaware Division of Small Business announced that they have reopened their application portal on January 19, 2021 to small businesses and nonprofit organizations that have not already applied for … Continued

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COVID-19 Relief Bill Provisions Affecting Individuals

January 20, 2021

Since March, BLS has been keeping our clients and friends apprised of new legislation and changes that have occurred due to COVID-19. This edition of our BLS Important Update is … Continued

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Two Key Provisions of the COVID-19 Relief Bill – PPP and ERC

January 05, 2021

The COVID-19 Relief Bill was signed by President Trump on Sunday, December 27 and BLS prepared COVID-19 Relief Bill – What we know so far, which provided highlights of significant … Continued

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COVID-19 Relief Bill – What we know so far

December 28, 2020

On Sunday, December 27, President Trump signed into law $900 billion in COVID-19 Relief and $1.4 trillion in government funding. The over 5,500-page bill combines financial relief for individuals, businesses, … Continued

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COVID-19 Update: SBA Released Streamlined Application for Some PPP Borrowers

October 09, 2020

On October 8, 2020, following requests by many businesses and lenders across the country, the Small Business Administration released a streamlined application for Paycheck Protection Program (PPP) borrowers who borrowed … Continued

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COVID-19 Update: FAQ Updates for Economic Impact Payments

August 18, 2020

The IRS recently updated their FAQ page related to Economic Impact Payments (EIP), also known as Stimulus Payments. To help simplify the details of what was added to this FAQ … Continued

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CARES Act Opportunities for Nonprofits

August 13, 2020

Many nonprofit organizations are facing an uphill climb managing the financial challenges brought about by the COVID-19 pandemic. There have been several adjustments made to employee expenses, programs delivered, services … Continued

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COVID-19 Update: Additional Guidance on Taking Coronavirus-Related Distributions from IRAs and Employer Plans

June 26, 2020

The IRS recently issued Notice 2020-50 which provides further guidance and rules for taxpayers who take coronavirus-related distributions (CRDs) from their IRA or employer retirement plans. Here is what you … Continued

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