Thankfully, this past week finally included some good news for solo and small firm owners.
I know it’s hard to keep up … but once again, the Payroll Protection Program underwent a bunch of rule changes.
In this short video, I review 3 key areas the SBA updated regarding loan forgiveness:
- Extension of the loan forgiveness period and reporting deadline
- How you use the funds
- New deadline to restore employee head count and wages
There are some other areas as well that you’ll want to review with your professional advisors. Here’s a link to the most recent update of SBA’s FAQs regarding the PPP: https://bit.ly/PPPLoanFAQs
And if you need support to reinforce the good work you’re doing as a business owner, let’s set up a call.