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Senate Passes Paycheck Protection Program Flexibility Act

CapataCPA

Senate Passes Paycheck Protection Program Flexibility Act As expected, the Senate has passed the House of Representatives’ version of the Paycheck Protection Program (PPP) Flexibility Act on June 3, 2020.This

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House Passes PPP Flexibility Act That Relaxes Forgiveness Requirements

Katz,Sapper&Miller

The House passed the Paycheck Protection Program (PPP) Flexibility Act on May 28, 2020. The bill received an overwhelming bipartisan vote and is now headed for the Senate.

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PPP Loan Forgiveness – Possible Loosened Restrictions

CapataCPA

The post PPP Loan Forgiveness – Possible Loosened Restrictions appeared first on CPA firm in Orange County, CA | CAPATA.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act.

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Will PPP Extension Draw SMBs To Sign On The Bottom Line?

PYMNTS

As reported, the Senate voted unanimously on Wednesday (June 3) to pass the Paycheck Protection Program Flexibility Act , which had passed the House with a single dissenting vote last week. In other words, there is flexibility now, for business owners to bring capital to bear on other expenses.

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Senate Passes Bill To Extend PPP For SMBs

PYMNTS

Senate passed a bill Tuesday (June 3) amending the way the Paycheck Protection Program (PPP) works, extending the time for small- to medium-sized businesses (SMBs) to use the money from eight weeks to 24 weeks, CNN reported. It also gives business owners more flexibility on how much has to go toward payroll.

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Senate Bill Would Double Time For PPP Loans

PYMNTS

Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program (PPP) loans, according to a Reuters report. trillion CARES Act. It’s unclear when the Senate vote will take place. 31, from June 30.

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