Revisions to Paycheck Protection Program (PPP), Second Round of Loans and Clarity on Tax Deductions among PPP-Related Updates in Latest Federal Stimulus Bill
On December 21, 2020, each of the U.S. House of Representatives and Senate approved a $900 billion stimulus and appropriations bill, which (among many other measures and appropriations) includes important revisions to the Paycheck Protection Program (PPP) administered by the U.S. Small Business Administration (SBA) with support from the Treasury Department (Treasury). Critically, the latest […]