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PPP Forgiveness Deadlines To Monitor
As deadlines for forgiveness applications approach, here is some information to help you keep track of dates and forms.
Why Waiting Might be the Best Policy for PPP Forgiveness (see update)
UPDATED 3/4 New rules confirmed for Sch C filers : Certain recent law changes benefit those who have not yet applied for PPP Loan Forgiveness or applied for a new PPP loan.
Employee Retention Credits Expanded - claimed on Payroll Tax Returns
Changes to the Employee Retention Credit make it retroactively available to more employers but it must be claimed on your 2020 4th quarter payroll tax return and are also available for 2021 wages.
PP2 Relief Funds - Key Information - Second Draw Loans
New provisions allow previous Small Business recipients of PPP loans to access additional funds if they meet certain criteria.
PP2 Relief Funds - Key Information - First Time Borrowers
A new round of PPP loans launched this week and is available through March 31, 2021. Options exist for both first time borrowers and second draw loans for those who meet the criteria.