Additional SBA Guidance Regarding PPPFA Provisions Issued
The SBA has released further guidance on the application of the recently passed Paycheck Protection Program Flexibility Act (PPPFA) via a new Interim Final Rule.
This Rule explains the application of the extended 24-week Covered Period to loan forgiveness based on payroll, changes to owner compensation limits, as well as other changes made by the PPPFA.
A Journal of Accountancy article detailing the changes can found here.
