Late Friday, the SBA released forms for the application of the Second Round of Paycheck Protection Program (PPP2).
\ Select Community Financial Institutions will begin accepting some applications as soon as Monday, the 11th of January.
When other applications will be accepted will depend on the institution.
Please reach out for assistance with this process.
The IRS has said that it will take steps this spring and summer to automatically correct returns that were filed prior to the American Rescue Plan Act form.
There has been some confusion as there is a 10/31 expiration date on PPP forgiveness forms. Forgiveness applications are NOT due on Oct 31st.
Yesterday, the SBA issued guidance on the relationship between the Shuttered Venue Operations Grant (SVOG) and the Paycheck Protection Program (PPP).
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