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Congress not too long ago handed the Paycheck Safety Flexibility Act of 2020 and improved the Paycheck Safety Program (PPP) for small enterprise loans. The invoice enhances the PPP by growing the time small companies can use funds and obtain forgiveness from eight weeks to twenty-four weeks and by decreasing the payroll price rule from 75 % to 60 %.
Be a part of us on this free on-demand webinar, as our key consultants Mark J. Kohler and Mat Sorensen, nationally revered tax attorneys, take you thru the ins and outs of the up to date PPP. Mark and Mat will dive into:
- How the brand new PPP regulation will profit most small companies looking for mortgage forgiveness.
- Taking benefit forgiveness interval being prolonged from 8 to 24 weeks.
- How the brand new 60% payroll prices rule (was 75%) will profit most however will harm others who do not plan.
- Figuring out when it is advisable convey again your workforce beneath new guidelines as a way to obtain most mortgage forgiveness.
- What you need to be planning and doing now as a way to get whole forgiveness of your PPP mortgage.
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