Meanwhile, proprietors' income — which is where small business falls — took a huge hit, declining 19.5% Fed-April. The paycheck protection program, despite terrible implementation, surely helped. But PPP's grace period for turning loans into grants only 8 weeks 5/
Yesterday, the House passed the PPP Flexibility Act, a bill that will enable our small business community to get much needed flexibility within their Paycheck Protection Program funding. We need to continue to do all we can to support our small businesses through this crisis.
The Paycheck Protection Program is expected to get a much-needed facelift, but not all of its wrinkles will disappear.
The first round of the U.S.’s Paycheck Protection Program to help small businesses may have missed the mark, in terms of geography, industries served, and size. Learn more:
The House responded to concerns of employers in passing a bill to loosen rules on small-business loans issued under the Paycheck Protection Program.
P3 portal launched to help with PPP loan forgiveness: Two AGL CPA partners developed the tool to assist CPA firms and clients in navigating the Paycheck Protection Program. ^ @AccountingToday #Tax #Accounting #CPA
The Paycheck Protection Program is up and running! The program is open to nonprofits as well, so banks be sure to sign up our Great Religious and Veteran Organizations that need help!
RT to tell Chuck Schumer and Nancy Pelosi to STOP blocking critical funding for small businesses. The Paycheck Protection Program is about to run out of money—millions of jobs are hanging in the balance. Congress MUST ACT!
Here are the facts: ⇨ The Paycheck Protection Program is the only fund that is out of money. ⇨ Chuck Schumer and Nancy Pelosi are the ones holding it up. ⇨ Small businesses and their employees will suffer because of it.