PPP UPDATE – PPP Flexibility Act Reduces Amount Required to be Spent on Payroll; Expands Time Period for Forgiveness and Rehiring Employees; Permits Forgiveness Recipients to Defer Payroll Taxes...more
Late Friday, May 15th, the SBA released the PPP “Loan Forgiveness Application Form” and related addendums and instructions, which provide additional guidance and new details on how loan forgiveness will be calculated and...more
1. ALL PPP Borrowers Must Review New Certification Guidance, Whether Public or Private; Loans Over $2 Million Will Be Subject to Mandatory Audit; Safe Harbor Expires May 7...more