COVID-19 check-in webinar: PPP Flexibility Act

Unpack the Paycheck Protection Program (PPP) Flexibility Act legislation with accounting experts at LB Carlson.

Some changes include:

Optional extension of the original 8-week forgiveness period to 24 weeks
Stricter guidelines regarding the payroll expenditure percentage requirements
Borrowers can use the 24-week period to restore their workforce levels and wages to the pre-pandemic levels required for full forgiveness
New exceptions allow borrowers to achieve full PPP loan forgiveness even without fully restored workforce
Loan repayment deadline increased to five years
Businesses now allowed to delay payment of payroll taxes

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