The Paycheck Protection Program Flexibility Act of 2020 was signed into law on June 5, 2020. The act contains very favorable and borrower-friendly changes to the PPP, including:
– Extending the covered period end date to December 31, 2020
– Increasing the covered period from eight weeks to 24 weeks
– Reducing the amount of loan proceeds that must be used for payroll costs to 60%
– And much more
Join us to learn about these changes that are sure to benefit most if not all borrowers.
Speaker: Harriet Strothers, CPA is a Partner at Delap. She has nearly 40 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. With extensive experience managing tax compliance and audits for all areas of state taxation as well as IRS LMSB “Large Case” audits, Harriet also performs state and local due diligence related to mergers and acquisitions.