The U.S. Treasury Department recently issued new interpretations of its on Paycheck Protection Program, and the President recently signed a new “PPP Flexibility Act” relaxing PPP rules in important ways. (Among them: The percentage of the loan proceeds that borrowers must spend on payroll dropped from 75% to 60%. The time period to use the funds tripled from 8 to 24 weeks. The repayment term for the loan is now five years, not two.)
To help you make sense of the changing landscape, Click Here to see a webinar led by CPA experts, Becky Phillips and Theresa Batliner, both of MCM CPAs & Advisors.They will explain the new statute and the new regulations and how they affect those who received PPP funds.
Click Here to watch the webinar.