While the Paycheck Protection Program’s rate of change has slowed a bit, new guidance continues to be released. The Flexibility Act signed in early June provides nonprofits and businesses who received loans the option to extend their covered period from 8 to 24 weeks, which will help most organizations reach full forgiveness of their loans. Additionally, in mid-June the SBA released an “EZ” application to allow organizations to certify vs. prove certain data needed for forgiveness. We anticipate additional guidance and examples will continue to be released over the summer. In addition, this session will touch on other relevant CARES Act provisions relevant to nonprofits as well as any new relief available.The webinar will be presented on Zoom.
- Karen A. Gries, CPA, Principal
- Kelsey Vatsaas, CPA, MBA, Principal