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PPP Loan Application and Forgiveness Deadlines Announced
The Small Business Administration (“SBA”) has announced lenders may begin submitting applications for Paycheck Protection Program (“PPP”) Loan forgiveness August 10, 2020. As part of the announcement, the agency confirmed its intention to open a portal specific to...
IRS Outlines Changes to Health Care Spending
The Internal Revenue Service has advised that new rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people may need at-home services due to measures to fight COVID-19. Telehealth and High...
Legislative Update: 2020 Special Session
Citing the economic impacts of COVID-19 and fluctuations in oil and gas prices, as well as the ongoing impact of racism, Governor Michelle Lujan Grisham called the 54th Legislature of the State of New Mexico into Special Session. Her call included tax relief for...