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Topic: Paycheck Protection Program

Current Status of the Paycheck Protection Program - Webinar
By Freed Maxick on May 11, 2020

Freed Maxick provides updates on the latest developments with the Payroll Protection Program including forgiveness planning and recent SBA guidance. {% video_player "embed_player"...

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IRS Notice 2020-32: Deductibility of Expenses When a Loan is Forgiven Under Paycheck Protection Program
By Freed Maxick on May 1, 2020

The notice provides clarification around Federal income tax deductions related to Paycheck Protection Program loans. It states that no deduction is allowed for an expense that is otherwise...

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Paycheck Protection Loans Provide Relief to Small Businesses Under Stimulus Package
By Freed Maxick on April 20, 2020

As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Paycheck Protection Program (PPP) provides $349 billion of loan funds to support small businesses and...

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More Than 500 Employees So No PPP? – Maybe Not!
By Freed Maxick on April 13, 2020

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury published Frequently Asked Questions regarding the Paycheck Protection Program (PPP),...

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