About Preston Herman

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So far Preston Herman has created 5 blog entries.

Congress Likely to Extend Time Period for PPP Eligible Expenses

On May 28, 2020, the House of Representatives passed the Paycheck Protection Program Flexibility Act, nearly unanimously (417-1). Most importantly this bill would extend the forgiveness period for PPP funds from 8 weeks to 24 weeks. Though the final time period is unknown, it appears very likely that the Senate will take up legislation that [...]

By |2020-05-29T14:25:11-06:00May 29th, 2020|COVID-19, Tax|0 Comments

MWB recorded a sequel to the PPP webinar, available free on Missouri Bar Association

On May 11th, 2020, Julie Welch, Steve Browne, Cara Smith, and Preston Herman recorded a webinar titled “PPP Loan Forgiveness & Business Interruption Claims”, which is available for free to all members of the Missouri Bar Association via rebroadcast on May 26th, 2020 and immediately for self-study at the below link.  The webinar is a [...]

By |2020-05-16T19:37:17-06:00May 15th, 2020|COVID-19, Tax|0 Comments

MWB recorded a webinar on PPP, available free on Missouri Bar Association

On April 14th, 2020, Julie Welch, Steve Browne, Cara Smith, and Preston Herman recorded a webinar titled “CARES Act Cash & Business Interruption” which is available for free to all members of the Missouri Bar Association via rebroadcast on April 27th, 2020 and immediately for self-study at the below link.  The video recording, PowerPoint presentation [...]

By |2020-04-22T19:56:47-06:00April 22nd, 2020|COVID-19, Tax|0 Comments

The CARES Act – Business Highlights

Phase 3 of the COVID-19 stimulus package (the CARES Act) was just signed by President Trump.  This legislation is unprecedented in both size and scope. It is clear that the Federal government is pulling every lever possible to mitigate the economic ramifications of the coronavirus pandemic. It appears Congress is opening every liquidity spigot at [...]

By |2020-03-27T23:20:32-06:00March 27th, 2020|Audit, COVID-19, General|0 Comments

Business Response in Times of Crisis

As the COVID-19 global pandemic continues to alter society in unprecedented ways, it has become evident that, while necessary, the steps being taken by government officials to minimize the human lives lost will result in a severe economic contraction. What is unclear is the scope of those costs. Federal, state and local governments have already [...]

By |2020-03-27T19:39:22-06:00March 23rd, 2020|COVID-19, General|0 Comments