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News & Announcements
The PPP forgiveness rules continue to evolve. Wednesday night (June 3), the Senate voted unanimously to accept the legislation previously passed by the House and President Trump is expected to sign soon. The Paycheck Protection Flexibility Act extends the deadline for small businesses to spend their PPP funds and still qualify for forgiveness. The new legislation is designed to make it easier for borrowers to reach full, or almost full, forgiveness. You can find the full summary here in the Journal of Accountancy.
Good news to our small business partners across the great state of Tennessee. Of course, we're waiting for additional details to drop so we can share those with you but The Tennessee Business Relief Fund will direct approximately $200 million in federal Coronavirus...