Yesterday the Senate passed the PPP modifications that the House passed last week. Due to the overwhelming bipartisan support, the modifications are expected to be signed by the President. Below is a summary of the changes to the program. These modifications to the program require a n
BWTP wants to keep you informed of potential changes in the PPP Loan Program. The following description of legislation that passed the House must now go to the Senate before it is final, but it appears that changes may be forthcoming.
Over the weekend, the SBA released the Paycheck Protection Program (PPP) Loan Forgiveness Application. While the application is not the full guidance we have been awaiting, it does give us significant insight into the direction the SBA is headed with forgivable expenses as well as the
As members of the Academy of Dental CPA’s (ADCPA), BWTP has access to information that our fellow member firms may provide. We’re glad to share this information as we feel it can be useful for your Practice.
Hot off the Press! The SBA just issued the following update to their frequently asked questions with clarification that PPP Loans below $2 million will meet the safe harbor rules and the loan will be determined to be necessary for the borrower. This had been ambiguous in prior guideli