Paycheck Protection Program Updates
“The Coronavirus 2.0” bill passed Congress on December 21, 2020, and was signed into law on December 27. The law covers a wide range of topics, including updates and enhancements…
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PPP Update: Updated FAQ Highlights and Other Updates
The SBA has been releasing additional guidance regarding Paycheck Protection Program (PPP) loan forgiveness. Here are some highlights. Health insurance for business owners Health insurance expenditures for S-corporation shareholders (2%…
When to Apply for PPP Loan Forgiveness
While the deadline for applying for loan forgiveness is ten months after the end of the covered period, the inclination to start the loan forgiveness application process sooner rather than…
Revised PPP Loan Forgiveness Application Highlights
The new PPP loan forgiveness application is out, and it incorporates the new provisions included in the Paycheck Protection Flexibility Act (“PPP Flexibility Act”). Here are the highlights: The new…
PPP Update: The Paycheck Protection Flexibility Act
On Wednesday night (June 3rd), the Senate passed the Paycheck Protection Flexibility Act of 2020, which amends certain provisions of the Paycheck Protection Program section of the CARES Act. There…
A Summary of PPP Loan Forgiveness Time Periods
The SBA’s PPP Loan Forgiveness Application released on May 15, 2022 (SBA Form 3508) identifies six different time periods relevant to the loan forgiveness process. The confusion has been understandable.…