Tag: Wallace Plese + Dreher PPP Assistance

IRS Releases Additional Guidance on PPP Loan Forgiveness

Written November 19, 2020 by Barbara Dillon

Categories: COVID-19, IRS, PPP, PPP Loan Forgiveness, Wallace Plese + Dreher PPP Assistance, Wallace Plese + Dreher PPP Task Force

The IRS published a Revenue Procedure and a Revenue Ruling to clarify certain complex and controversial details in PPP loan forgiveness. Read further for a summary of the new IRS guidance.

Paycheck Protection Program Flexibility Act of 2020

Written June 5, 2020 by Barbara Dillon

Categories: COVID-19, Paycheck Protection Program, PPP, SBA Lending, Wallace Plese + Dreher PPP Assistance, Wallace Plese + Dreher PPP Task Force

President Trump signed the Paycheck Protection Program Flexibility Act of 2020 modifying certain provisions related to PPP loan forgiveness. One important modification allows recipients of loan forgiveness to defer payroll taxes.