The Current State of Payroll Protection Program (PPP) Loan Forgiveness
A 1-hour discussion on the current state of PPP Loan Forgiveness, including:
- Documentation required to evidence eligible expenses;
- Requirements for rehiring or eliminating reductions in employment, salary, or wages that would otherwise reduce the forgivable amount of a PPP loan;
- The latest interim final rules issued by the SBA, including new SBA loan review guidance; and
- A review of eligible expenses under the PPP loan program.
Also discusses possible changes to the PPP Loan Forgiveness Application necessitated by the PPP Flexibility Act signed into law on June 5, 2020.