Seigfreid Bingham News & Blog
PPP Loan Forgiveness Application Released and Related Guidance
May 20, 2020
By: John Fuchs, Bailie Schnackenberg, and Char Heins
On Friday May 15, 2020 the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application (the Application). The Application and instructions are […]
Seigfreid Bingham Mourns the Passing of Shareholder David E. Shay
David E. Shay, 1962-2020
May 18, 2020
Seigfreid Bingham is saddened to announce the death of longtime shareholder David E. Shay. He passed away suddenly on May 11, 2020 of natural causes. Dave was a […]
Paycheck Protection Program Enforcement Guidance
By John Fuchs, Bailie Schnackenberg, & Char Heins
May 13, 2020
In light of the
impending safe harbor deadline to return funds received from the Paycheck
Protection Program (“PPP”), the Treasury Department released additional
guidance today to assist businesses in […]
COVID-19: Eastern Jackson County Announces Phase 1 of Recovery Plan
May 9, 2020By Curry Sexton
Jackson County, Missouri released guidelines for the first phase of its four-phase economy recovery plan (the “Plan”) on Wednesday. Phase one is set to begin on Monday, May 11, simultaneous with […]
COVID-19: Economic Development Council of Kansas City Now Accepting Loan Applications for KC Small Businesses
May 4, 2020By Curry Sexton
The Economic
Development Council of Kansas City (EDCKC), in partnership with the City of
Kansas City, Missouri (KCMO), recently announced that it is now accepting loan
applications to help ease some of the financial […]
IRS Won’t Allow Tax Deduction for Expenses Paid With Forgiven PPP Loan Funds
May 4, 2020
By Heath Hoobing & John Fuchs
On May 1, 2020, the Internal Revenue Service announced that business
expenses paid with a forgiven federal Small Business Act (SBA) loan are not
deductible. As we reported in a […]