IRS Updates Per Diem Rates

The IRS has updated the rules for using per diem rates to substantiate the amount of business expenses paid or incurred while traveling away from home. The full notice from the IRS can be viewed here. Highlights include the following: $66 for any travel locality within the continental United States and $71 for any travel…

Latest News on the Paycheck Protection Program (PPP)

The Paycheck Protection Program is an SBA loan designed to enable businesses to keep their workforce employed during the Coronavirus (COVID-19) crisis. The SBA routinely updates their site with important information regarding the program and loan forgiveness.  SIMA encourages clients to consult the SBA website for the latest. Notice: Paycheck Protection Program closed August 8,…

Be Alert About Email Phishing Scams – Bad Actors Seeking to Take Advantage through “SBA Loan Application”

In the wake of emergency assistance available to help small businesses in response to the Coronavirus pandemic (COVID-19), the SBA is urging disaster loan applicants seeking federal aid to be alert to phishing campaigns and scams. These malicious actors are impersonating the SBA and its Office of Disaster Assistance to collect personally identifiable information (PII)…