PPP Loans/Tax Holiday Updates
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We have written many previous PayDay newsletters about PPP loans and the “payroll tax holiday,” all of which can be found at our website blog. Since a few weeks have…
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PPP Loan Forgiveness – New Forms & More Owner Costs!
The SBA/Treasury released 2 new loan forgiveness forms this week, along with instructions and a new “interim final rule.” The “upshot” of these SBA releases is that “owner-employees, self-employed individuals/independent…
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PPP Loan Forgiveness – New and Improved!
The Paycheck Protection Program Flexibility Act (PPP Flex) was signed into law on June 5, 2020, and makes significant enhancements in the ability of small employers to obtain forgiveness of…
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PPP Loan Forgiveness – Update!
On May 22nd, the SBA released further clarification regarding PPP loan forgiveness concepts and calculations, as a follow-up to its recently released SBA Form 3508, which is the current 11…
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PPP 8 Week Forgiveness – Suggestions
CARES Act PPP/SBA loans provide that qualifying costs (payroll, rent, interest and utilities) paid or incurred during the 8 week “covered period” may qualify for partial to complete “loan forgiveness”…
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