This is one of the articles in the KROST Quarterly Technology Issue, titled “Nonfungible Tokens: Applications, Technology, And Outlook” by Paren Knadjian. In the cryptocurrency world, a token is the denomination of currency, in the same way as the dollar is the denomination of the US national currency. It represents a tradable asset that has Read the full article…
KROST is hosting an emergency webinar, How to Apply for the Restaurant Revitalization Fund, on Friday, April 30, at 10 am. Tuesday, April 27, 2021. The US Small Business Administration (SBA) announced today that applications for the Restaurant Revitalization Fund (RRF) would open, via their portal, at 9 am Pacific (12 pm Eastern) on Monday, Read the full article…
![[Webinar] Exit Planning – Preparing For The Potential Sale of Your Business](https://www.krostcpas.com/wp-content/uploads/MA-Exit-Planning-Webinar.jpg "[Webinar] Exit Planning – Preparing For The Potential Sale of Your Business")
Whether you are planning to sell your business now, in the next 5 years, or have no plan, Paren Knadjian, head of M&A and Capital Markets at KROST, will provide the roadmap to being prepared. Topics covered include: How exit planning fits with business strategy and personal financial planning The six biggest myths about selling Read the full article…
1. Introduction 2. Eligible Entities 3. Other Eligibility Criteria 4. Interaction of RRF with other SBA loans 5. Calculation of Funding Amount 6. Eligible Uses of Funds (Eligible Expenses) 7. Timeframe for Using Funds 8. Use of Funds Validation 9. How to Apply 10. Apply through SBA Restaurant Partners 11. Apply Directly through SBA 12. Read the full article…
On Tuesday, March 30th, 2021, President Biden signed the PPP Extension Act of 2021 into law. The Act, which passed on a bipartisan basis by the Senate on March 25th and by the House on March 16th, extends the deadline for Paycheck Protection Program (PPP) loan applications to May 31st, 2021. It was previously March Read the full article…
On Thursday, March 11th, President Biden signed the much-anticipated American Rescue Plan Act of 2021 into law. The $1.9 Trillion stimulus package expands COVID-19 relief for individuals, families, local governments, and businesses and includes direct payments and increased child credits. While the contents of the plan have been cause for much debate in the last Read the full article…
On December 27, 2020, President Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) into law to provide continued assistance to individuals and businesses that have been financially impacted by the ongoing coronavirus pandemic. Section 311 of the Economic Aid Act added a new temporary section, 7(a)(37), Read the full article…
The SBA has opened the Paycheck Protection Program loan portal on Monday, January 11, 2021 at 9 am ET. At this point, it is initially accepting First Draw PPP Loan applications from Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries. However, that will be broadened to include all lenders, and Read the full article…
As previously reported, the $900 billion COVID-19 stimulus Bill contains an additional $284 billion for additional PPP loans for small businesses, referred to as Second Draw Loans. Some of the new rules and rule changes apply to both the Initial and Second Draw PPP loans. Below are the details of the Bill, with respect to PPP Read the full article…
Congress reached an agreement late on Sunday, December 20th, for a $900 billion stimulus package. The Bill is expected to pass the House and Senate and be signed into law by December 23rd. The full text of the Bill has just been released and we are reviewing the details. Meanwhile, below are the highlights of how Read the full article…
