At Porte Brown we are here to work with you as you navigate through the PPP Loan Forgiveness process and provide assistance you may need in relation to other business provisions provided in the wake of COVID-19. We have a team of staff members dedicated to Loan Tracking and Loan Forgiveness Calculation services. Porte Brown is able to assist business owners and nonprofits and help alleviate the administrative burden of managing these funds. For more information, complete the form on the right. If you need immediate assistance please call us directly at 847-956-1040.
June 19, 2020 — As part of a broader $900M community and business assistance program announced by Governor Pritzker on June 17, DCEO... Read More
June 17, 2020 — On June 5, 2020, the Paycheck Protection Program Flexibility Act was signed into law providing sweeping changes to the provisions of the Paycheck Protection... Read More
June 5, 2020 — President Trump and Congress has now passed the Paycheck Protection Program Flexibility Act of 2020 with the Act passing the Senate by unanimous consent... Read More
June 2, 2020 — During the past couple of months, the Paycheck Protection Program (PPP) has grown increasingly important to the short-term and long-term success of countless organizations across... Read More
May 21, 2020 — The IRS has announced that it is beginning to send nearly four million Economic Impact Payments (EIPs) by prepaid debit card (instead of by paper check)... Read More
May 18, 2020 — On May 15, 2020, the SBA released the application and instructions for loan forgiveness under the PPP. The application and... Read More
May 14, 2020 — If an organization decides that they will be giving the money back to the banks, there are several credits that are available for organizations to take advantage of... Read More
May 14, 2020 — In a new FAQ regarding the Paycheck Protection Program updated... Read More
May 11, 2020 — The IRS and Treasury have successfully delivered nearly 130 million Economic Impact... Read More
May 11, 2020 — With a variety of steps underway to speed Economic Impact Payments, the Treasury Department and the IR ... Read More
May 6, 2020 — From the beginning of the novel coronavirus pandemic, Illinois’ response has been guided by data, science, andpublic health experts. Relying on the experts... Read More
May 6, 2020 — The IRS announced May 6, 2020 that stimulus checks... Read More
May 6, 2020 — A key aspect of the CARES Act relief package is the now-well-known Paycheck Protection Program administered by the Small Business Administration... Read More
May 4, 2020 — During the last week, the Paycheck Protection Program has been the focus of national media reports, the Secretary of the... Read More
May 1, 2020 — The IRS on Thursday released guidance under Notice 2020-32 stating that Companies that... Read More
April 29, 2020 — On April 24, President Trump signed into law new legislation that provided an additional $310 billion in funding for the Paycheck Protection Program. Now... Read More
April 24, 2020 — Congress and the Trump administration have struck a deal on another piece of legislation... Read More
April 22, 2020 — The Coronavirus Aid, Relief, and Economic Security (CARES) Act has provided relief to many businesses, employees and other stakeholders... Read More
April 16, 2020 — On Mar. 27, 2020, President Trump signed the CARES Act... Read More
April 16, 2020 — This series of frequently asked questions (FAQs) provide answers to questions we are hearing from our members about the Paycheck Protection Program... Read More
April 13, 2020 — The IRS and the U.S. Department of Treasury have announced new relief for federal taxpayers affected by the coronavirus pandemic. The IRS had already... Read More
April 1, 2020 — Stimulus checks intended to ease the economic impact of the coronavirus pandemic will soon be on their way. Under the Coronavirus Aid, Relief, and Economic Security... Read More
April 1, 2020 — The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can... Read More
April 1, 2020 — The Paycheck Protection Program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone... Read More
March 28, 2020 — One of the core pieces of the CARES Act is the provision of $349 billion for small businesses through federally backed loans under a modified and expanded... Read More
March 28, 2020 — Individual taxpayers can expect a recovery rebate check of $1,200 per individual ($2,400 for married couples filing jointly), plus $500 for each qualifying dependent child, as soon as the U.S. Department of the Treasury... Read More
March 28, 2020 — One of the core pieces of the CARES Act is the provision of $349 billion for small businesses through federally backed loans under a modified and expanded Small Business Administration (SBA) 7(a) loan guaranty program... Read More
March 26, 2020 — This is an impact investment loan program under which the State Treasurer would make up to $250 million in deposits available to financial institutions through... Read More
Taxpayers have extra time to contribute to their individual retirement accounts... Read More
March 26, 2020 — The Families First Coronavirus Response Act requires certain employers to provide employees... Read More
March 25, 2020 — After days of negotiations, Republican and Democratic senators have reached a deal on a roughly $2 trillion stimulus package to ease the damaging economic effects of the coronavirus... Read More
March 25, 2020 — Illinois Governor J.B. Pritzker announced the state’s income tax filing and payment extension would be pushed back three months to accommodate families and businesses... Read More
March 20, 2020 — The deadline for individuals and businesses to file their income taxes will shift from April 15 to July 15, Treasury Sec. Steven Mnuchin announced today. Previously, the U.S. Treasury Department and the IRS had... Read More
March 20, 2020 — Illinois Department of Revenue (IDOR) announced short-term relief for late sales tax payments due to COVID-19 virus outbreak. The sales tax deferral will apply to 24,000 small and mid-sized bars and restaurants... Read More
March 20, 2020 — If your 2019 return has been electronically filed and accepted, and your federal tax payments or 2020 estimated tax payments were set for direct debit with the original 4/15 due date those can... Read More
Stay up-to-date with the latest coronavirus (COVID-19) news and guidance with these additional resources:
"The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus." This IRS page will be updated as new information is made available.
"In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. Below are answers to frequently asked questions related to..."
"CDC recommends that for the next 8 weeks, organizers cancel or postpone in-person events that consist of 50 people or more throughout the U.S." For more information on the Coronavirus (COVID-19) and how to protect yourself and others, please visit the CDC's website.
"Learn about international travel restrictions, how you can prepare for coronavirus, and what the U.S. government is doing in response to the virus." -- USA.gov
Visit the U.S. Treasury's website for additional resources, updates, and guidance.
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