Latest Developments on PPP Loan Forgiveness
Many businesses are just starting the process of submitting applications for the Paycheck Protection Program (PPP) loan forgiveness. Meanwhile, the Small Business Administration (SBA), in consultation with the Treasury Department, is continuing to release additional guidance on the PPP loan forgiveness process. This new guidance may change the process for some and certainly impacts 2020 […]
Taxation of PPP Loans: What Employers Need to Know
Earlier this year, Congress passed the CARES Act, which included a coronavirus stimulus package for small businesses known as the Paycheck Protection Program (PPP). The intent of the program was to provide business loans to qualifying businesses as a means of