PPP Forgiveness Update

Most of you have now completed the 24-week “covered period” window for using PPP funds that commenced when you received the funds. We have received questions about when PPP recipients should apply for forgiveness. A few things to know first: 1. Forgiveness applications aren’t due until 10 months after the end of the 24-week covered period. For most of you, this deadline would be Summer 2021. 2. Whether they are forgiven this year or next, the IRS will consider the presumptively forgiven...Read More
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