COVID-19 Updates and Resources

COVID-19 Updates and Resources

Legislation, guidance, and questions abound as organizations attempt to manage life during a pandemic. Below are some resources that may assist nonprofit organizations navigate the COVID-19 landscape.

Latest Updates

PPP Flexibility Act – On June 5, 2020 the Paycheck Protection Program Flexibility Act of 2020 was signed into law. See our summary of the highlights of the changes this act makes to the PPP program.

Available Resources

Blazek & Vetterling –Please feel free to contact your engagement team with any questions you have regarding COVID-19 funding or compliance.

Your bank – The SBA has tasked banks to administer compliance and loan forgiveness calculations, and each bank has implemented its own related processes and requirements. As such, if you have questions about how to strategize for forgiveness, track spending, or comply with loan requirements, your lender will be your best resource.

The SBA – The Houston District Office of the SBA has a wealth of resources for PPP funding recipients, including daily webinars on PPP forgiveness. The SBA also has published a PPP FAQ Document that is routinely updated as new guidance is issued.

Guidance and Technical Discussions

• Q&A on accounting for PPP loans
• Single Audit implications of SBA assistance loans
• Summary and analysis of CARES Act

This page will be updated as additional information is available.