Tuesday Morning Briefing, NJ and N.Y.S. Due Dates & H.R.7010 60%/40% Cliff is Gone!
I am glad to report that as of yesterday that in a joint statement by Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza those businesses electing to use the rules in H.R.7010: the Paycheck Protection Program Flexibility Act WILL be able to receive partial forgiveness if they properly follow the 60%-40% guidelines for spending for approved payroll costs and operating expenses. Here is the link to that latest announcement … Read more