Tax,
Labor/Employment
May 26, 2020
SBA finally sheds light on unanswered PPP questions
With the COVID-19 shutdowns resulting in millions of job layoffs, small business owners scrambled to apply for Paycheck Protection Program loans -- part of the unprecedented $2.2 trillion CARES Act -- when the initiative was unveiled in late March. Yet the provision left many business owners confused due to lack of guidance from the Small Business Association related to loan forgiveness and how to utilize the funds.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
With the COVID-19 shutdowns resulting in millions of job layoffs, small business owners scrambled to apply for Paycheck Protection Program loans -- part of the unprecedented $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act -- when the initiative was unveiled in late March. Yet the provision left many business owners confused due to lack of guidance from the Small Business Association related to loan forgiveness and how to utilize the funds.
...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In