As Stimulus Talks Drag On in Washington, Small Businesses Await Guidance on PPP Loan Forgiveness

Posted By American Med Spa Association, Monday, October 26, 2020

Time is running out for millions of small business owners on Main Street. It’s not just another round of cash that they need from Washington to avoid contagion. They need clarity on how to receive forgiveness on the $525 billion in Paycheck Protection Program (PPP) loans they received under the CARES Act. They also need to know the tax consequences that await them if they apply for loan forgiveness by year-end.
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