On Friday, June 5, the new Paycheck Protection Program Flexibility Act of 2020 was signed. This new legislation amends the Small Business Act and the CARES Act. The Paycheck Protection Program Flexibility provides PPP borrowers with more flexibility on PPP loan forgiveness. Here are some of the highlights: Gives borrowers the option to extend the “covered period” for loan forgiveness from … Read More
Just released: SBA “Paycheck Protection Program Loan Forgiveness Application” Form and Instructions
It has become clear that the SBA requirements for loan forgiveness will require detailed records and supporting documents. Navigating a lengthy and detailed application can be tricky, but the good news is that you will be rewarded for your hard work. To make sure everything is done correctly you will want a qualified CPA in your corner to help you … Read More