SBA Announces PPP Loan Forgiveness 

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Earlier this month, the Small Business Administration (SBA) announced an important deadline extension for certain Paycheck Protection Program (PPP) borrowers that could impact many entrepreneurs and small business owners. Specifically, the SBA has set a new March 3, 2024 deadline for defaulted (PPP) borrowers with loans under $100,000 to apply for forgiveness. The new application […]

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Biden Administration Issues Sweeping Vaccine Rules for Health Care, Businesses

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The Biden administration announced yesterday that his administration will require COVID-19 vaccinations for workers in most health care settings that receive Medicare or Medicaid reimbursement. NAHC is currently studying the administration’s announcement and we look forward to receiving more details in the very near future. “NAHC has encouraged vaccinations throughout the pandemic. We look forward to […]

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Biden Administration Issues Sweeping Vaccine Rules for Health Care, Businesses

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The Biden administration announced yesterday that his administration will require COVID-19 vaccinations for workers in most health care settings that receive Medicare or Medicaid reimbursement. NAHC is currently studying the administration’s announcement and we look forward to receiving more details in the very near future. “NAHC has encouraged vaccinations throughout the pandemic. We look forward to […]

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SBA Offers Loan Forgiveness, IRS Expands Paid Leave Tax Credit for Vaccinations

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The U.S. Small Business Administration (SBA) has announced the opening of the Paycheck Protection Program Direct Forgiveness Portal to ease the COVID-19 burden for small businesses. The announcement reflects the reality that while the federal funds made available to millions of small business owners enabled many to stay in business during the COVID-19 public health […]

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NAHC Analysis: Impact of COVID Relief and Spending Bill on Home Care and Hospice

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President Donald J. Trump signed legislation in late December to fund U.S. federal government operations through the 2021 Fiscal Year and provide $900 billion of stimulus supports to address the impacts of the COVID-19 pandemic. NAHC offers the following summary of the over 5600 page legislation. Generally, we confine our summary to those provisions that […]

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Senate Approves Measures to Relax Rules of Paycheck Protection Program

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The United States Senate approved on Wednesday, June 3, new legislation to relax rules applying to businesses receiving paycheck protection program (PPP) funds under the CARES Act. The new rules will give small businesses more time to repay funds and allow more flexibility on how the funds are spent. The legislation passed the Senate by […]

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New IRS Guidance Eliminates all Tax Benefits of PPP Loan Forgiveness

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A special report from Ted Cuppett of The Health Group The IRS has released guidance (Notice 2020-32) to explain that a taxpayer that receives a loan through the Paycheck Protection Program (PPP) is not permitted to deduct expenses that are normally deductible under the Code, to the extent the expenses were reimbursed by a PPP […]

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