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The Paycheck Protection Program Flexibility Act of 2020 amended the Paycheck Protection Program. [112] Loan forgiveness was expanded from eight weeks of eligible costs to the 24 weeks or December 31, 2020, whichever is earlier; alternatively, a business whose PPP loan was made before June 5 may opt to use the eight-week period instead. [88]
A federal task force found several Idahoans fraudulently obtained Paycheck Protection Program loans. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that ...
The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...
Twenty-three Napa Valley companies received PPP — Paycheck Protection Program — loans of ranging from $2 million to $5 million from the U.S. federal government. The loans will be forgiven so ...
Payment of the portion of self-employment tax corresponding to the employer's share of social security tax may also be deferred for up to two years. Payment of these taxes incurred after having a Paycheck Protection Program loan forgiven cannot be deferred, but taxes incurred before the loan forgiveness may continue to be deferred. [54]
A total of $20.7 billion in loans from the program were distributed in Pennsylvania, protecting 1.8 million jobs, the SBA said in its most recent report.The loans will be forgiven if businesses ...
SANTA CRUZ, CA — Hundreds of Santa Cruz companies were among the 87,000 California businesses and non-profits that received loans from the federal Paycheck Protection Program, or PPP, to help ...