On June 5, 2020, the president signed into law the Paycheck Protection Program Flexibility Act after it passed the Senate with a unanimous vote. The bill drafted by the House extends certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the time frame and use of their PPP loan funds.
The most notable changes of the PPP Flexibility Act were:
June 30 remains the deadline for applying for a PPP loan. As of June 8, 2020, PPP funds are still available for funding. Contact one of our PPP Team Members for assistance with your loan forgiveness application.
Receive Free financial tips & Tax Alerts!
"*" indicates required fields
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is…
Navigating a financial audit can be daunting, but with the right preparation and understanding, it can become a manageable and beneficial process. Financial audits help ensure the accuracy of your…
Planning for retirement is a crucial aspect of managing a small business. Unlike traditional employees who may have access to employer-sponsored benefits, business owners must proactively manage their retirement savings….