American Rescue Plan Act of 2021

American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains additional funding and expansion of tax credits to qualifying small businesses, assistance to various industries that were impacted by the COVID-19 pandemic, namely restaurants, direct stimulus payments…

SBA Issues Guidance on the Paycheck Protection Program

SBA Issues Guidance on the Paycheck Protection Program On Wednesday, the Small Business Administration (SBA) published guidance regarding its intended approach to review borrower certifications that a Paycheck Protection Program (PPP) loan was necessary to support ongoing operations. When submitting a PPP application, all borrowers must certify in good faith that “current economic uncertainty makes…

Track Your IRS Economic Impact Payment

Check on the status of your Economic Impact Payment This application will give you information about: Your payment status Your payment type Whether we need more information from you, including bank account information Track Your IRS Economic Impact Payment Get more information about Economic Impact Payments Visit the IRS Economic Impact Payments Information Center to…

The Status of Relief Programs This Week

The Paycheck Protection Program (PPP) is Happening Now  Small Business Approved (SBA) lending financial institutions are taking applications and issuing Loan Authorization Numbers. These funds are available for qualified businesses with 499 or fewer employees. Here is a High-level Overview of the PPP Relief Benefits Some points are summarized below. There are qualifications for the…

An Update Regarding Coronavirus (COVID-19)

We would like to let you know about the steps WSRP is taking to respond to COVID-19 and provide an update on tax deadlines. There are new relief packages and announcements happening almost daily. We will send updates as soon as news is released. Safety. WSRP’s main priority is the safety and well-being of our team,…