Changes to the Paycheck Protection Program Forgiveness are Coming!
If you haven't heard about the changes coming to the Paycheck Protection Program Forgiveness, this is the blog for you. Our CPAs in Mid-MO are here to explain some of the main points concerning the changes that will be put into place after the Paycheck Protection Flexibility Act goes into effect, in this week's blog. If you have any questions about any of this, please do not hesitate to give us a call at our CPA firm in Mid-MO . We have four locations throughout Central Missouri and all phone numbers can be found on our website at www.WTCPA.com . Changes to the Paycheck Protection Program Forgiveness are Coming The Paycheck Protection Flexibility Act will go to the President, who is expected to sign, after the Senate approved the House bill. Below is a summary of the main points: The eight week covered period can be extended to 24 weeks, or December 31 The requirement for forgiveness that 75% of the funds be spent on payroll now changes to 60%. But there is a cat...