Is your business inadvertently paying a shell company?

Not all shell companies are dishonest. Despite their often-sinister reputation, these paper-only companies may be used legitimately to hold another business’s assets. Or they may be the “empty container” left after a company downsizes or is acquired. That said, some fraud perpetrators use shell companies to embezzle funds, evade taxes, dodge debts and commit other […]

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Simplified PPP Forgiveness Application for Loans of $50,000 or less

The Treasury and U.S. Small Business Administration (SBA) released a new, simplified application this week, for Paycheck Protection Program (PPP) borrowers who took loans of $50,000 or less. A new interim final rule (IFR) provides guidance concerning forgiveness and loan review processes for PPP loans of $50,000 or less. Under the IFR, PPP borrowers of […]

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