Froehling Anderson Blog

PPP Application Deadline Extended

Businesses now have until August 8, 2020 to apply for a PPP loan.  The previous date was June 30, 2020. For more information, see here.

By |July 7th, 2020 | | 0 Comments

Froehling Anderson Named One of the Top 150 Workplaces

roehling Anderson has been named one of the Top 150 Workplaces in Minnesota by the Star Tribune. A complete list of those selected is available here and was published in the Star Tribune Top

Minnesota Small Business Relief Grants Apps Available June 23, 2020

MN Department of Employment and Economic Development (DEED) will be accepting applications Tuesday, June 23 through Thursday, July 2 for MN Small Business Relief Grants Program.

COVID-19 Preparedness Plans for Businesses

All businesses – including Critical Businesses must fully adopt and implement a COVID-19 Preparedness Plan by June 29, 2020, per Executive Order 20-74.

New PPP EZ Loan Forgiveness Application and Interim Final Rules

The PPPF Act made changes to the CARES Act that originally established PPP. Now further guidance is published and an EZ Loan Forgiveness Application is available.

Clarifying Guidance for Accounting for Contributions

 The FASB issued ASU 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made (Topic 958-605) to improve and clarify existing guidance on revenue

By |June 15th, 2020 | | 0 Comments

Lease Accounting Considerations in the Era of COVID-19

The COVID-19 Pandemic has had widespread financial impact on almost all businesses. The real estate industry and business owners are expecting to see a significant amount of lease modifications for

Emergency Family and Medical Leave Expansion Act (EFMLEA)

The Families First Coronavirus Response Act (“FFCRA”), provided emergency supplemental appropriations to those affected by COVID-19.  The FFCRA expands the Family and Medical Leave Act (“FMLA”) by

Paycheck Protection Program Flexibility Act

New legislation called the PPP Flexibility Act was passed and was signed into law. This relaxes some of the requirements of the PPP forgiveness.  Here are some of the highlights.

SBA Posts Interim Final Rules for PPP Loan Forgiveness

The Small Business Administration released guidance on the PPP loan forgiveness. This document gives clarity on the requirements for loan forgiveness.

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