With the economic downturn in the United States moving into its third month, the federal government responded with the Paycheck Protection Program Flexibility Act of 2020, which amends some provisions of the PPP program that already has provided more than $510 billion in funding to nearly 4.4 million small businesses since the first week of April.
Join us this Thursday, for a live webinar covering this important legislation. We will discuss what has changed with the PPP Flexibility Act, including the modification of provisions related to the forgiveness of loans under the PPP, such as the extended covered period, eligibility for partial forgiveness, and allowing recipients of loan forgiveness to defer payroll taxes.
We will also walk through the SBA Loan Forgiveness application, demonstrate the Paychex Flex® PPP Loan Forgiveness Estimator, and discuss how to use this tool to help simplify the application process while maximizing your potential loan forgiveness.