Do you know the new PPP regulations?Learn from experts regarding your unique situation.
On December 27, a new COVID-19 stimulus bill was signed into law. This legislation included an additional round of Paycheck Protection Program funding, updates regarding the taxation of forgiven PPP loans, and additional measures to help organizations recover from the pandemic. In response, the Treasury Department and SBA issued updated guidance regarding the flexibility of the use of funds, tax implications, and a second round of funding all affect forgiveness expectations and applications.
You need to understand the latest information to comply with regulations and keep your financial institution free from risk.
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