Business Accounting Services
Business Accounting Services

Blog

9/1/21
On March 20, 2020, the Paycheck Protection Program (PPP) was established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and is overseen by the Small Business Administration (SBA). The CARES Act provides that an individual or entities who received a PPP covered loan can receive forgiveness of the full principal amount of the loan for payroll costs including employee’s tax liabilities, mortgage interest, rent obligations and utility payments on their business . . .

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