New changes on the PPP to be voted!

The House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program (PPP) bill.

The PPP bill, according to Chip Roy's office (R-Texas) would implement the following changes:

✔ Allow forgiveness for expenses beyond the 8-week covered period.

✔ Eliminate restrictions limiting non-payroll expenses to 25 percent of loan proceeds.

✔ Eliminate restrictions that limit loan terms to two years.

✔ Ensure full access to payroll tax deferment for businesses that take PPP loans.

✔ Extend the rehiring deadline to offset the effect of enhanced Unemployment Insurance.

The most comprehensive tool to swiftly calculate and document your PPP Loan Forgiveness claim.


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