Accounting Tips For Entrepreneurs

Episode 47: How does Loan Forgiveness on PPP loans work? Currently as many questions as answers.

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Now that small businesses have started to receive proceeds from their Payroll Protection Program (PPP) loans, how does forgo the forgiveness portion work? In other words how can businesses avoid having to pay back the proceeds? We have some answers now, but many questions remain. This episode discusses both what we know so far and questions that must be addressed in the very near future.