Following the passage of the Paycheck Protection Program (PPP) Flexibility Act, the Department of the Treasury and the Small Business Administration (SBA) released two new versions of their PPP Loan Forgiveness Application on June 17. These two new versions include a fully revised version and a new “EZ” version along with instructions on how to complete them.
Watch our latest “Focus on Learning” video below as Mark Heath, Partner & Director of Tax Services here at McKonly & Asbury, walks through the revised loan applications and instructions.
As always, our team at McKonly & Asbury will continue to keep you updated as we receive more information and further changes occur. In the meantime though, do not hesitate to contact us at firstname.lastname@example.org with any questions.
This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although McKonly & Asbury has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.