On June 17th, the Small Business Administration (SBA) released a revised, and hopefully a final, forgiveness application for the Paycheck Protection Program (PPP), including a new EZ application that appears many business owners may qualify for. Also, just the day before, the SBA issued a new Final Interim Rule with guidance for determining payroll costs and More
News
June 2020
Changes in the Paycheck Protection Program Will Help Businesses
The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation on June 3rd, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. Following is a summary of the legislation’s main points compiled by the AICPA: Current PPP More