Your business might have changed drastically in recent months; however, there is good news in that, too. It means your business is adaptable and that you can find ways to survive.
Your business might have changed drastically in recent months; however, there is good news in that, too. It means your business is adaptable and that you can find ways to survive.
Last week, on June 17, 2020, the SBA and U.S. Treasury released a revised loan forgiveness application for the Paycheck Protection Program (the “PPP”) and unveiled a new EZ application for the forgiveness of PPP loans. In addition, on Friday, June 19, 2020, the SBA released a revised interim final rule that implements changes to the Paycheck Protection Program Flexibility Act (the “Flexibility Act”).
As businesses across the country slowly reopen, the IRS is also beginning to send employees back. So far, employees in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) are back at work, and by June 29, employees in Indiana, Ohio, California, Oregon, and Puerto Rico will be also.