by DunlapSLK | Jun 19, 2020 | COVID-19 Legislative Update, Uncategorized
Earlier this week, the Treasury Department released a new Paycheck Protection Program (PPP) Loan Forgiveness Application. You can access the application here and the related filing instructions here. The revision was necessary to take into account the changes made to... by DunlapSLK | Jun 11, 2020 | COVID-19 Legislative Update, Uncategorized
Loan Forgiveness Relief Last week we told you about the recently-passed Paycheck Protection Program Flexibility Act. One of the favorable provisions in this law was reducing the requirement that 75% of a borrower’s loan proceeds be used on payroll costs. The new limit... by DunlapSLK | Jun 5, 2020 | COVID-19 Legislative Update, Uncategorized
We hope you are continuing to stay safe and healthy as Southeastern Pennsylvania plans to move into the “Yellow” phase of reopening. We’re pleased to report that good news for business owners arrived late last evening when the Senate passed the Paycheck Protection... by DunlapSLK | May 28, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized
As we communicated earlier, the SBA recently released its PPP loan forgiveness application, which you can access here. This 11-page document includes filing instructions that answer many but not all the questions borrowers have on the calculation of forgiveness.... by DunlapSLK | May 21, 2020 | COVID-19 Legislative Update, Resources For Employers, Uncategorized
Over the past weekend the U.S. Treasury along with SBA issued the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application which can be found here. This application is subject to change and many unanswered questions remain. We anticipate additional... by DunlapSLK | May 14, 2020 | COVID-19 Legislative Update, Resources For Employers
On April 14, 2020, after many borrowers had already submitted their PPP loan applications, the SBA issued guidance for individuals with self-employment income. This rule prohibited partners in a partnership from submitting a loan application for themselves. Instead,...
