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Updating the Updates: More Paycheck Protection Program Guidance

Updating the Updates: More Paycheck Protection Program Guidance

The roll-out of guidance related to the Paycheck Protection Program (PPP) continues to trickle out as business owners and their advisors desperately work to understand the ever-evolving landscape. Late on June 22, the Small Business Administration (SBA), in consultation with the Treasury, released a 34-page interim final rule (IFR) which seeks to clarify elements of the PPP in light of the Paycheck Protection Program Flexibility Act of 2020 (PPPFA) which was enacted on June 5. Click here to read more.