PPP Flexibility Act — What Contractors Need to Know

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  • 6/17/2020
  • Virtual
  • Speaking

The Paycheck Protection Plan (PPP) Flexibility Act makes key changes that impact loan forgiveness for borrowers. This recording provides an update on the Act and covers:

  • Key provisions of the new Act and differences between previous guidance including: longer 24 week spend period, 60 percent payroll cost threshold, longer repayment period and other changes to forgiveness calculations
  • Areas that still require clarification
  • Discussion of the 8 versus 24-week decision
  • Income tax planning: forgiveness cost selection and timing

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