The Department of the Treasury and the Small Business Administration provided new regulations adding additional guidance to the loan forgiveness process of the Paycheck Protection Program (PPP).
Please click here for an article from Wilentz, Goldman & Spitzer, P.A. outlining questions in connection with PPP loan forgiveness including alternative payroll covered period, limits on owner compensation and more.
We expect further guidance in the coming days and will keep you posted. In the meantime, please contact Cg with any questions.