|Bloomberg Tax, Daily Tax Report reports that new PPP guidance has been issued following the latest relief law. The summary is as follows:|
The Small Business Administration released guidance Thursday on changes to the Paycheck Protection Program made in the latest pandemic relief law.
The guidance incorporates the new law’s (Pub. L. No. 117-2) amendments to the program, which included expanded loan eligibility for small news organizations and more nonprofits.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.