5 reasons borrowers shouldn’t rush their PPP forgiveness applications Posted by AICPA Communications on Jul 14, 2020 This blog post explains why borrowers shouldn’t rush their PPP loan forgiveness applications. Please share with clients who participated in the program. Borrowers who received Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security…

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The following is a summary of the legislation’s main points that was passed yesterday: PPP borrowers can choose to extend the eight-week period to 24 weeks, or they can keep the original eight-week period. This flexibility is designed to make it easier for more borrowers to reach full, or almost full, forgiveness. The payroll expenditure…

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Dear Client, On May 28, 2020 the House of Representatives voted in favor of a bill called the “Payroll Protection Program Flexibility Act”. The bill will now head to the Senate for a vote, likely next week. The legislation intends to make it easier for businesses to have their Paycheck Protection Program (PPP) loans forgiven…

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Report Returning Employees Online New hire reports are due within 20 days of hiring a new or returning employee. Reporting online is free, fast and secure. New hire reporting is required by law. Reporting helps children get the child support they need, while helping to combat unemployment fraud. Remember: Federal and State law requires employers…

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