PPP Update and FAQs

August 12, 2020 by BKHM CPAs

PPP Update and FAQs

PPP The IRS and the SBA have updated the PPP loan forgiveness FAQs last week as of August 4^th. While the Small Business Administration officially opened its forgiveness portal to lenders August 10^th, many lenders will likely wait to accept and process applications because of the potential for shifting guidance, new legislation and a desire to fully prepare for a flood of applications. Please check with your specific lender.

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The firm maintains licensure with the State of Florida, as well as several other state jurisdictions. It is also a member in good standing with the Florida Institute of Certified Public Accountants (FICPA) and the Association of International Certified Professional Accountants (AICPA). In addition, we are members of the Center for Audit Quality, Employee Benefit Plan Audit Quality Center, Governmental Audit Quality Center, Not-for-Profit Section and the Private Companies Practice Section of the AICPA.

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